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Let’s scrap Illinois and build New Illinois

SEPTEMBER 4, 2020 | by Richard Porter | THE CHICAGO TRIBUNE

Op-ed by Richard Porter, from March 2020, includes “… While creating a new state to replace the old strikes some as laughable, creating new entities to replace old entities is a bankruptcy reorganization technique used in commercial cases. … The U.S. Constitution includes three provisions that form the legal basis for a ‘new state, old state’ reorganization of Illinois: the bankruptcy clause, the guarantee clause and the authorization of Congress to admit new states out of the territory of existing states.”

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