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Bankruptcy

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

Solyndra Headquarters in Fremont (Solyndra Inc.)

Solyndra Not Dealing With Toxic Waste At Milpitas Facility

Three months after CBS 5 caught Solyndra tossing millions of dollars worth of brand new parts, the bankrupt solar firm may be trying to abandon toxic waste.

04/28/2012

City Of Vallejo

Sales Tax Hike Expected To Fuel Vallejo’s Recovery

The City of Vallejo is no longer in bankruptcy, and now a sales tax increase which goes into affect April 1st is expected to generate millions more dollars.

03/20/2012

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

Stockton On Verge Of Becoming Largest City To Enter Bankruptcy

Stockton leaders have approved a series of emergency fiscal steps they hope will allow the city to avoid bankruptcy.

02/29/2012

Solyndra Headquarters in Fremont (Solyndra Inc.)

Bankruptcy Judge Approves $370K In Solyndra Bonuses

A Delaware bankruptcy judge has approved close to $370,000 in bonuses for certain employees of Solyndra LLC, a solar panel manufacturer that received a half-billion dollar loan from the federal government before declaring bankruptcy.

02/22/2012

Solyndra Headquarters in Fremont (Solyndra Inc.)

Bankrupt Solyndra Caught Destroying Brand New Parts

After filing for bankruptcy last year, Fremont solar company Solyndra still owes American taxpayers half a billion dollars. But CBS 5 caught them destroying millions of dollars worth of parts.

01/19/2012

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