Bankruptcy

California State Capitol in Sacramento (Justin Sullivan/Getty Images)

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.

08/17/2012

Solyndra Headquarters in Fremont (Solyndra Inc.)

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.

08/13/2012

City Hall in Stockton. (CBS)

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.

08/03/2012

Vallejo Fire truck

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.

07/02/2012

Solyndra Headquarters in Fremont (Solyndra Inc.)

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.

06/29/2012

City Hall in Stockton. (CBS)

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.

06/28/2012

City Hall in Stockton. (CBS)

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.

06/27/2012

A foreclosed Stockton home. (Justin Sullivan/Getty Images)

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.

06/26/2012

Ford Elementary school students in Richmond (CBS)

East Bay School District Celebrates End Of Decades Of Debt

The West Contra Costa Unified School District paid the state of California $47 million, $18 million of which was interest.

06/01/2012

(CBS)

South Bay School Districts Could Face Bankruptcy

Four districts are facing major financial troubles, among the almost 200 listed in a new state report.

05/23/2012

more

previous

Follow

Get every new post delivered to your Inbox.

Join 56,838 other followers