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City Bankruptcy

Moodys: Distressed Cities Are Watching Detroit

Reuters | Posted 09.25.2013 | Detroit

July 26 (Reuters) - Detroit's filing for bankruptcy protection is "profoundly meaningful" for the small number of local governments ...

My City Went Bankrupt -- Should I Flee?

Jed Kolko | Posted 09.17.2012 | Business
Jed Kolko

In recent weeks, three California cities have filed for bankruptcy: Stockton, Mammoth Lakes, and San Bernardino. If you live there, should you get out of town? And if you don't live there, should you worry that your city is next?

'I Don't Want My City Dissolved'

Reuters | Posted 09.16.2012 | Business

By Laura L. Myers GOLD BAR, Washington, July 17 (Reuters) - Residents of a century-old Washington state town facing possible municipal...

John Rudolf

Largest U.S. City Bankruptcy Heading Toward Court

HuffingtonPost.com | John Rudolf | Posted 02.29.2012 | Business

Stockton, Calif., took a major step toward becoming the largest U.S. city ever to file for bankruptcy with a city council vote to begin a state-mandat...

Local City Facing Bankruptcy: Would Be Biggest City To Declare In American History

Aaron Sankin | Posted 02.23.2012 | San Francisco

The Central Valley city of Stockton of may become the next California municipality to follow in the steps of Vallejo and Orange County and file for ba...

Cities Near Bankruptcy May Be On Their Own Soon

CONOR DOUGHERTY and AMY MERRICK | Posted 05.25.2011 | Business

The Wall Street Journal reports on a brewing storm between state and city finances -- cities that have long relied on state governments for financial ...