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 …
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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 …
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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 …
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