http://www.reuters.com/article/2013/11/14/usa-illinois-eaststlouis-idUSL2N0IZ20A20131114

 

Bankruptcy proceedings like Detroit’s are not an option under Illinois law, as we reported earlier. The only similar option here is the state’s “Financially Distressed City Law,” which is very vague, political and untested. East St. Louis has been subject to it.