January 29, 2019, 12pm PST
Pacific Gas and Electric has declared Chapter 11 bankruptcy in the face of "actual and potential" liability.
January 15, 2019, 12pm PST
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.
October 4, 2017, 10am PDT
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.
March 3, 2017, 7am PST
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.
July 29, 2016, 7am PDT
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.
January 7, 2016, 1pm PST
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.
April 29, 2015, 2pm PDT
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.
January 21, 2014, 5am PST
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.
December 3, 2013, 11am PST
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.
October 1, 2013, 10am PDT
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.
September 16, 2013, 2pm PDT
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.
August 12, 2013, 5am PDT
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 5, 2013, 9am PDT
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.
July 29, 2013, 1pm PDT
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 23, 2013, 6am PDT
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 22, 2013, 6am PDT
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 11, 2013, 6am PDT
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.
June 15, 2013, 7am PDT
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 3, 2013, 12pm PDT
The Detroit Zoo's 'healthy, breeding female giraffe'? A classic Ford XD Cobra prototype? Belle Isle? Mark Stryker and John Gallagher look at some of the city-owned assets that could be sold to help pay off the city's monstrous debt.
March 12, 2013, 2pm PDT
The need to put Detroit under emergency management wasn't the result of a single failed strategy, but the culmination of decades of poor leadership, bad decisions, and "crossed fingers," report Monica Davey and Mary Williams Walsh.