Vallejo, Calif. files for bankruptcy protection
SAN FRANCISCO — The city of Vallejo filed for bankruptcy protection Friday to deal with a ballooning budget deficit caused by soaring employee c...
Vallejo
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Vallejo's Bankruptcy Might Have Been Prevented
Peter Scheer | Posted 05.09.2008 | Business
Read More:
California,
Unions,
Mortgage Crisis,
Tax Revenue,
Federal Bankruptcy Protection,
Vallejo,
Bankrutcy,
Business News
Vallejo is the first California municipality to declare bankruptcy in the current economic downturn; others are likely to follow, unfortunately.
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