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California City Bankrupt

State Of Fiscal Emergency

AP | Posted 07.19.2012 | Los Angeles

SAN BERNARDINO, Calif. -- San Bernardino declared a fiscal emergency Wednesday night, allowing the city to avoid a lengthy mediation process and head ...

Straight Outta Compton

The Huffington Post | Anna Almendrala | Posted 07.18.2012 | Los Angeles

Compton, Calif. could be the fourth city in the Golden State to seek bankruptcy protection. At a city council meeting Tuesday, officials announced...

Another One Bites The Dust

AP | AMY TAXIN and DAVID R. MARTIN | Posted 09.09.2012 | Los Angeles

SAN BERNARDINO, Calif. — In this sweltering Southern California city, officials tried to keep the budget in check by selling assets, cutting spe...

Struggling East Bay Town Finally Recovers From Bankruptcy Nightmare

Aaron Sankin | Posted 01.02.2012 | San Francisco

After spending three years as one of the highest-profile municipalities in the nation to go bankrupt, the Northern California city of Vallejo has emer...