Bankruptcy

With debts in excess of $30 million owed to the city of Montreal, and unhappy customers in New York City and Chicago refusing to pay for outstanding bills, the Bixi bike-share company has been forced to file for bankruptcy protection.
Jan 21, 2014   The Montreal Gazette
The economic recession is pushing many municipalities towards declaring bankruptcy.
Feb 22, 2010   The Wall Street Journal
Municipal bonds are being defaulted on left and right. But the news sounds worse than it is. Few of those defaults are by cities -- for now.
Aug 13, 2009   Governing
Budget issues are causing major issues for a handful of states. Neal Peirce argues these budget woes are a sign that states are making the wrong investments and that they idea of a state may be out of date.
Jul 12, 2009   Citiwire
President Barack Obama has announced a $75 billion plan to help counteract home foreclosures -- a move that aims to allow more than 9 million Americans to refinance their troubled mortgages.
Feb 18, 2009   The New York Times
<p>The northern California city of Vallejo has declared bankruptcy, becoming one of few cities and the largest in the state to do so. Other struggling cities are watching closely to see if the strategy helps to save the city.</p>
May 13, 2008   The San Francisco Chronicle
<p>Thousands of stores across the country face closure as the credit crisis curtails consumer spending, and chain retailers file for bankruptcy.</p>
Apr 16, 2008   The New York Times