Massachusetts Bankruptcy: Consider The Alternative
April 5, 2023
As of 2021, Massachusetts’ outstanding debt was approximately $82.5 billion. This includes general obligation bonds, revenue bonds, notes, and other types of debt issued by the state government. In terms of per capita debt, Massachusetts has one of the highest levels in the country, with each resident owing about $12,000. However, the state also has…
A Great Alternative To Michigan Bankruptcy
April 5, 2023
As of 2021, Michigan’s total state debt is approximately $32.4 billion, according to the US Debt Clock. This includes both outstanding debt, which is the amount that the state currently owes, as well as unfunded liabilities, which are the future obligations the state has to pay for pensions and other benefits for its employees. Of…
Iowa Bankruptcy: An Alternative To Explore
April 4, 2023
As of September 2021, the total state government debt in Iowa was $8.4 billion. This includes both general obligation debt, which is backed by the state’s full faith and credit, as well as revenue debt, which is supported by specific revenue streams such as taxes or fees. In addition to state government debt, Iowa residents…
An Alternative To Indiana Bankruptcy
April 4, 2023
As of 2021, Indiana’s total state debt was $23.8 billion. This includes both general obligation debt and revenue debt. The state’s debt per capita is $3,544, which is lower than the national average of $4,054. As of 2021, there were 12,565 bankruptcies filed in Indiana, according to the United States Courts. This includes both Chapter…
Missouri Bankruptcy: Is There A Better Alternative?
April 4, 2023
As of 2021, Missouri’s total state debt was approximately $16.9 billion, according to the US Debt Clock. This includes both outstanding bonds and other forms of long-term debt, as well as short-term borrowing. Missouri’s debt per capita was approximately $2,748 in 2021, which is lower than the national average of $4,459 per capita. According to…