[Beagle8U]

I don’t think a state can go bankrupt?

[george76]

States can not legally go bankrupt under the federal bankruptcy laws, but they can become insolvent when they can not pay their bills.

Municipalities and other organizations can legally go bankrupt.

Second, Federal bankruptcy laws can be changed ?

http://www.news-gazette.com/news/local/2013-07-20/state-cant-declare-bankruptcy.html