Man sentenced for helping others use bankruptcy to avoid paying Chicago … – The Republic

Man sentenced for helping others use bankruptcy to avoid paying Chicago …The RepublicCHICAGO — A federal judge has sentenced a 32-year-old man to a year and a half in prison for helping 80 people file bogus bankruptcy papers to avoid hefty Chicago impound fines. Daniel Rankins on Tuesday was also ordered to pay $142,000 in …and more »

Proposed Illinois law would allow government bodies to declare bankruptcy – MyFox Chicago

MyFox ChicagoProposed Illinois law would allow government bodies to declare bankruptcyMyFox ChicagoLet's start with the state: Illinois has 111-billion dollars in unfunded pension liabilities, while the city of Chicago has 20-billion dollars and another nine and a half billion for Chicago Public Schools. Plus, billions more are owed by suburban …As Illinois runs out of options in budget crisis, tax rises seen in the cardsReutersRauner agenda surfaces at CapitolThe State Journal-RegisterRauner to file 'Turnaround Agenda' legislation todayWGN-TVMondaq News Alerts (registration) -Illinois News Networkall 557 news articles »

Gov. Rauner 'afraid' CPS is heading toward bankruptcy – Chicago Sun-Times

Chicago Sun-TimesGov. Rauner 'afraid' CPS is heading toward bankruptcyChicago Sun-TimesMayoral spokeswoman Libby Langsdorf said the city wants to first discuss Illinois' state education funding, which is next to last in the nation, as well as Chicago's contributions to suburban teacher pensions as well as its own. “The municipal …and more »

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