Bankruptcy
Another California City On Verge Of Bankruptcy
A fiscal emergency has been declared in the small Central California city of Atwater, a move that could lead to the state’s fourth municipal bankruptcy this year.
Seagate Technology To Buy Shuttered Solyndra Plant
Seagate Technology has reached a tentative deal to buy the former headquarters of solar company Solyndra.
Credit Rating Agency Warns Of More California City Bankruptcies, Bond Defaults
One of the nation’s top credit rating agencies will begin a wide-ranging review of municipal finances in California because of what it sees is a growing threat of increased city bankruptcies and bond defaults.
Solyndra Agrees To Settle Suit Over Layoffs
Bankrupt solar company Solyndra has agreed to pay $3.5 million to settle accusations that it failed to properly notify employees they would losing their jobs.
Lenders Say Stockton Bankruptcy Costing Millions, While City Continues Pension Payments
A bond insurer said lenders are losing millions in Stockton’s bankruptcy while the city continues to fund pricey pensions.
Vallejo Fire Department Reopens Station After City Bankruptcy
The Vallejo Fire Department celebrated the reopening of Station 25 in north Vallejo with an open house Monday morning.
Solyndra Wants More Time To File Bankruptcy Plan
An East Bay solar panel manufacturer that received a half-billion dollar loan from the federal government before filing for bankruptcy protection is asking for more time to file a reorganization plan.
Stockton Officially Declares Bankruptcy, Largest US City To File
Stockton has filed for Chapter 9 protection, making it the largest American city ever to declare bankruptcy.
Stockton Bankruptcy To Hit City Retirees Hard
When Stockton becomes the largest U.S. city ever to file for bankruptcy, it will strike a hard blow to residents, especially city employees and retirees whose health benefits and pensions helped drive the city toward insolvency.
Stockton Bankruptcy Set After Mediation With Creditors Fails
Officials in Stockton said Tuesday that mediation with the city’s creditors has failed, meaning it is set to become the largest American city ever to declare bankruptcy.
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