Local Governments Facing Tough Times, Bankruptcy

What do Stockton, San Bernardino and Mammoth Lakes,California have in common?

If you were thinking about warm weather, plenty of sunshine and the California lifestyle, you might be right, but that’s not the answer we’re looking for.

Warm weather and sunshine aside, these three California cities have a black cloud hanging over their financial futures because all three filed bankruptcy in July 2012.

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Topics:  Chapter 9, Municipal Bankruptcy, Municipalities

Published In: Administrative Agency Updates, Bankruptcy Updates, General Business Updates, Government Contracting Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Robert Freedman - Partner at Tharpe & Howell, LLP | Attorney Advertising

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