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The city was approximately $400 million in debt, due in part to a failed trash incinerator. The bankruptcy judge dismissed the bankruptcy petition on the grounds that not all necessary branches of the municipal government had authorized the filing of the petition. Denied by courts [68] [69] Stockton, California: City 2012 291,700 Completed [70]
The brand had 150 stores at its peak, predominantly on the West Coast. Anchor Blue declared bankruptcy in 2009 and shuttered more than 50 stores, and gradually shrank to include stores solely in California. It went bankrupt once more in 2011, with the remaining stores closed before Easter of that year. [48]
On July 13, 2015, DonJon filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Connecticut with a debt of $32,509,549.91. Modern bankruptcy law often distinguishes reorganization , in which only some of the bankrupt's assets are taken, a repayment plan is devised and part of the debt is discharged , from ...
California law makes no distinction between "city" and "town", and municipalities may use either term in their official names. [6] They can be organized as either a charter municipality, governed by its own charter, or a general-law municipality (or "code city"), governed by state statute.
By Alan Farnham On the theory, perhaps, that it takes one to run one, the bankrupt city of San Bernardino, Calif., has hired as its new manager a man who twice has declared personal bankruptcy ...
In conjunction with its filing for bankruptcy, Vintage has filed a notice for mass layoffs with California authorities after already cutting its workforce by at least 15% earlier this year and 7% ...
Citizens Bank of Northern California Nevada City California September 23, 2011: Tri Counties Bank 288.8 74 First International Bank Plano Texas September 30, 2011: American First National Bank 239.9 75 The RiverBank Wyoming Minnesota October 7, 2011: Central Bank 417.4 76 Sun Security Bank Ellington Missouri October 7, 2011: Great Southern Bank ...
The League of California Cities, whose members include almost every city in the state, cited insufficient staff to deal with the influx of housing applications under new state laws requiring ...