Municipal Bankruptcy

Stockton, California symbolized the worst effects of the Great Recession on local governments—not to mention, to some, California's decline.
Nov 3, 2014   Governing
Chris McKenzie, Executive Director of the California League of Cities, discusses the specter of bankruptcy and the structural difficulties cities face in addressing their fiscal deficits. The San Bernardino bankruptcy does not mean the worst is over.
Jul 18, 2012   The Planning Report
As the third California city in a month files for bankruptcy protection, fears of a domino effect worry many. While bankruptcy may seem like an enticing solution, officials that have gone through it caution about the downside.
Jul 13, 2012   Los Angeles Times
Stockton, a city of 300,000 in California's ailing Central Valley, may become the largest city in the U.S. to declare bankruptcy. Agreements with public employee unions and major bond creditors may be all that stand in the way of default.
Mar 1, 2012   The New York Times - U.S.
Budget-troubled Jefferson County, Alabama -- once thought to be on the brink of the largest municipal bankruptcy in U.S. history -- is moving forward with plans to clean up its finances.
Mar 11, 2011   Reuters