San Bernardino's bankruptcy reaches two-year mark, quietly
The credit agency Moody's has warned Vallejo might need to file for bankruptcy a second time, a warning given before by former San Bernardino Mayor Pat Morris. Morris also predicted when the city announced it would file for bankruptcy that the process …
Read more on San Bernardino Sun

Lamar Construction Co. files for bankruptcy after abruptly laying off all 280
GRAND RAPIDS, MI – Lamar Construction Co., the Hudsonville firm that abruptly laid off all of its 280 employees this week, filed for Chapter 7 bankruptcy on Friday, July 11. In a petition filed in U.S. Bankruptcy Court, company shareholders Carl …
Read more on The Ann Arbor News

Puerto Rico Representative Explores Bankruptcy Option
Bond investors in the U.S. have long opposed municipal bankruptcies, preferring to restructure debts outside of court, where a judge can impose cuts. Only about half the states let their municipalities file for bankruptcy. Some of those, like Michigan …
Read more on Businessweek

EnglishFrenchGermanItalianPortugueseRussianSpanish