Bankruptcy

3D rendering of a hydrogen storage facility with wind turbines in background

Energy Department Resumes Loan Program with Hydrogen Storage

The Energy Department's loan office, known for a bad loan to the solar panel startup Solyndra in 2011, will loan $504 million to a company that will use renewable energy to create 'green hydrogen' and store it in salt caverns in Utah.

June 21, 2022 - U.S. Department of Energy

California Wildfire

PG&E Promises to Keep the Lights on After Declaring Chapter 11 Bankruptcy

Pacific Gas and Electric has declared Chapter 11 bankruptcy in the face of "actual and potential" liability.

January 29, 2019 - San Francisco Chronicle

Northern California Wilidfires

California's Largest Utility Files Chapter 11 Bankruptcy

PG&E announced that it is filing for Chapter 11 bankruptcy, facing $30 billion in liability after two years of catastrophic wildfires in the state of California.

January 15, 2019 - The Mercury News

End of the rainbow

What's Behind the Removal of Public-Private Partnerships from Trump's Infrastructure Plan?

Partnering with the private sector carries risks. Witness the mess that followed the selection of a private firm to build an interstate in Indiana in 2014 that Vice President Mike Pence should have prevented in his prior position as governor.

October 4, 2017 - The Indianapolis Star

Detroit - Renaissance Center

Detroit Still a Long Way from Recovery

It's fun to write miracle comeback stories, but the epic of Detroit's resurgence has been exaggerated, according to an article in The Conversation.

March 3, 2017 - The Conversation

Coal Railroad

Why the Sierra Club Owns a $2.2 Billion Coal Reserve

Through a series of legal maneuvers associated with a coal giant's bankruptcy, the Sierra Club made good on a conservation opportunity worth $2.2 billion and weighing 53 million tons.

July 29, 2016 - Slate

San Francisco's Yellow Cab to File for Bankruptcy

San Francisco's largest cab company is planning to file for bankruptcy very soon. The competition from transportation network companies is forcing the company, and likely the industry, to completely restructure.

January 7, 2016 - San Francisco Examiner

Detroit - Renaissance Center

Lessons from Masterminds of Detroit's Rebirth

The enthusiasm of Detroit's new civic leadership, who engineered its bankruptcy and set up its recovery, is infectious. How the city will ultimately fare, and how other troubled cities learn from Detroit's mistakes, remains to be seen.

April 29, 2015 - Josh Stephens

Bike-Share Operator Bixi Files for 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.

January 21, 2014 - The Montreal Gazette

Judge Allows Detroit Bankruptcy to Proceed

U.S. Bankruptcy Judge Steven Rhodes ruled today that the city of Detroit is eligible for bankruptcy protection, allowing the city to proceed with the largest municipal bankruptcy in U.S. history. Public employee unions are expected to appeal.

December 3, 2013 - Detroit Free Press

Detroit Bankruptcy Highlights Nation's Obsession With Diplomas

If you thought the bankruptcy in Detroit was caused by the disappearance of manufacturing jobs, well, you'd be wrong. Alan Mallach explains how our obsession with college degrees contributed to the downfall of a city.

October 1, 2013 - Rooflines

A Deep Dive on Detroit's Path to Insolvency

The story of how Detroit became the largest US city to ever file for bankruptcy is a long and tangled one featuring many villains and several "if only" moments. The Detroit Free Press reviews 50+ years of financial history to set the record straight.

September 16, 2013 - Detroit Free Press

Detroit Default Ripples Through Municipal Bond Market

The Motor City is the not the only victim of the largest municipal bankruptcy in U.S. history. Local governments across Michigan are now encountering substantial obstacles to borrowing amid concerns about the security of municipal bonds.

August 12, 2013 - The New York Times

Urban Revivals Give Hope to Detroit Emergency Manager

In an interview with The Wall Street Journal, emergency manager Kevyn Orr explains how his own experiences living in once-derelict, now-thriving cities leave him optimistic about Detroit's revival.

August 5, 2013 - The Wall Street Journal

Improved Public Services a Beneficial By-Product of Detroit Bankruptcy

The addition of 50 new police cars, ramped up bus service, and long overdue streetlight repairs are all being planned as bankruptcy proceedings allow Detroit to increase funding for public services.

July 29, 2013 - Detroit Free Press

Do the Feds Have a Responsibility to Help Detroit?

The federal government has a role to play in the financial crises afflicting cities across America, and most notably of late, in Detroit. Should Washington also play a role in helping them to recover?

July 23, 2013 - The Nation

'Against All Odds', Detroit is Poised for Growth

With its recent bankruptcy filing, Detroit has a plethora of challenges ahead of it. But the city is well positioned for growth, argue Bruce Katz and Jennifer Bradley, which will be as important for the city's renewal as fixing its fiscal problems.

July 22, 2013 - Brookings

Is a City Still a City If It Can't Serve Its Residents?

Police response times average 58 minutes for worst crimes and at times only 10 of the city's 36 ambulances are in service: Detroit's woes extend far beyond its unpaid debts. Many residents are hoping emergency management will bring drastic change.

July 11, 2013 - The New York Times

Emergency Manager Delivers Hail Mary Plan to Save Detroit from Bankruptcy

In a presentation to creditors delivered yesterday, Detroit emergency manager Kevyn Orr outlined a last-ditch effort to save the city from bankruptcy. Many creditors would have to agree to receive less than 10 cents on the dollar.

June 15, 2013 - Detroit Free Press

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