City of Los Angeles Bankruptcy May be Coming

City of Los Angeles Bankruptcy May be Coming.  As reported: A City of Los Angeles bankruptcy could be nearing, with the city a victim of the same unfunded public pension liabilities that are crippling municipalities like Stockton and San Bernardino across California, and elsewhere as well. A Stanford study sums up the dismal figures. The percentage growth for […]

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Filings plummet but US firms reap big bankruptcy profits – The Global Legal Post

Filings plummet but US firms reap big bankruptcy profits – The Global Legal Post.  As reported: “US law firms continue to rack up significant fees in bankruptcy work despite a 14 per cent drop in business filings, recently published research has revealed. A report on the AmLaw Daily web site maintains that although corporate bankruptcy filings have […]

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Third California City Files for Bankruptcy

On August 1, 2012, San Bernardino, California filed for bankruptcy protection.  This California City, consisting of 210,000 residents, is the third in the State to recently file, following Stockton and Mammoth Lakes.  More details regarding Stockton’s filing as well as municipal bankruptcies in general can be seen in earlier submissions to this site.  See California City Declares Bankruptcy; Would Filing Bankruptcy Help Detroit; Chapter 9 – […]

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