Tag Archives: Bankruptcy protection
Priority and Superpriority Bankruptcy Claims
In a recent bankruptcy case, Illinois reached a superpriority claim settlement agreement with the major coal producer Peabody Energy, reports MiningWeekly.com. Large coal producers, such as Peabody Energy, are sometimes allowed to self-bond so that they can operate mines without setting aside sums of money reserved for cleaning up their mining site in the… Read More »
The Debate Continues – Should Chicago’s Public School District File For Bankruptcy?
It has been widely publicized that Chicago’s public schools are facing some serious financial troubles. But what options are available to save Chicago’s school district from its billion dollar debt? When an individual or a corporation gets into financial trouble they have the option of filing for bankruptcy, but do government agencies have that… Read More »