municipal bankruptcy

In the years leading up to bankruptcy, the city made mistakes that are all too common for anyone struggling with debt.
Monday's ruling by a panel of the 2nd U.S. Circuit Court of Appeals in New York was issued 13 days after the court reversed
Public-sector union leaders around the country are watching the developments in Detroit closely, as the case could be a bellwether
* Access to future borrowing impaired Road repairs in Jefferson County, home to 660,00 people, already lag other sizeable
WASHINGTON, July 23 (Reuters) - Michigan's emergency manager law may save other cities in the state from the fate of Detroit
This is a developing story. Check back for updates. The city's two underfunded pension funds sued Detroit Emergency Manager
Local leaders and citizens need to be aware of the municipal bankruptcy process and what it means to their community. Unless government officials learn to exercise budget control, more and more municipalities may face the prospect of bankruptcy.
In an interview with 24/7 Wall St., Moody’s Managing Director and Chief Credit Officer of U.S. Public Finances, Anne Van
"HE VIOLATED HIS OATH TO THE PEOPLE" The following year, foreclosures started to decline, dropping to 83 in 2009 and 55 in
"Looking to 2013, all indications point to continuing challenges for city budgets, with national economic indicators pointing
The city's total gross assessed property value dropped to about $524 million from nearly $804 million between fiscal years
The regulators also had measured dealings over their respective handlings of the Libor-rigging scandal last month. The boost
Natalie Carter, director of operations for the tourism agency, said the area has "a tremendous amount of challenges." The
The San Bernardino's County sheriff's department confirmed last month that an investigation "related to allegations of possible
According to The Wall Street Journal, Scranton officials are hammering out a deal with the Pennsylvania government to raise
Judge Christopher Klein on Friday issued a temporary order denying the bid to stop the benefit cuts, and he said a formal
But while U.S. metropolitan areas have been responsible for the vast majority of the U.S. economy's recovery, according to
If voters reject the tax increase, Gold Bar could still become the latest U.S. municipality to be forced to file for Chapter
Pressed by reporters, the San Bernardino County sheriff's department confirmed an investigation "related to allegations of