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Chapter 9

Bankrupt Town's Mayor Committed Massive Foreclosure Fraud

Reuters | Posted 11.19.2012 | Business

* US prosecutors to recommend prison for mayor, backer * City saw 156 foreclosures in 2008 * Central Falls filed for ban...

Bankrupt City Slashes Benefits

Reuters | Posted 09.26.2012 | Business

By Jim Christie and Peter Henderson SAN FRANCISCO, July 27 (Reuters) - A federal bankruptcy judge on Friday cleared the way for Stock...

'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...

California Ski Town In Trouble

AP | Posted 09.01.2012 | Business

LOS ANGELES (AP) — Councilmembers in a small ski town high in California's Sierra Nevada voted unanimously Monday to file for bankruptcy, the second...

Pennsylvania Capital's Bankruptcy Filing Rejected By Federal Judge

AP | MARC LEVY | Posted 01.23.2012 | Business

HARRISBURG, Pa. — A federal bankruptcy judge on Wednesday threw out a petition by the City Council of Pennsylvania's debt-choked capital of Harr...

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...

Smallest City In Smallest State Files For Bankruptcy

Posted 10.01.2011 | Business

(Edith Honan) - Central Falls, Rhode Island, one of a handful of U.S. cities and counties facing fiscal collapse in the wake of the economic reces...

Alabama County Likely To Declare Bankruptcy

Posted 09.20.2011 | Business

Alabama's troubled Jefferson County faces an 80 percent chance of declaring bankruptcy, one of its commissioners said on Thursday, as U.S. experts...