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Town Bankruptcy

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...

Why Stockton, California, Is Bankrupt, And Your Town Isn't

Bloomberg View | Josh Barro | Posted 06.28.2012 | Business

Bloomberg View: The Stockton City Council yesterday approved a petition for bankruptcy, the largest of a city in U.S. history. Municipalities all o...

Towns Ponder Bankruptcy During Recession

wsj.com | BOBBY WHITE | Posted 05.25.2011 | Business

As the recession batters city budgets around the U.S., some municipalities are considering the once-unthinkable option of dissolving themselves throug...