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Loan Modification

: Loan Modification & Home Loan News

State bankruptcy law may be in the works

By Moe Bedard

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(Source: United Press International) – Washington lawmakers are working behind the scenes to develop a way to let states declare bankruptcy and get out from under large debts, political insiders say. Municipalities can declare bankruptcy protection, but states cannot, The New York Times reported. Bankruptcy lawyers who have been consulted by Congressional aides said some [...]

Full post as published by Loan Modification & Home Loan News on January 21, 2011 (boomark / email).

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