Monthly Archives: July 2012

Vallejo Is Struggling While Compton Is Next in Line for Bankruptcy Filing

As Vallejo, California tries to recover from a bankruptcy filing, many residents are trying to be optimistic and use it for new opportunities. A local resident, Sheila Dodson said “Just because the coffers are poor doesn’t mean there’s not opportunity.” … Continue reading

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Stockton and San Bernardino Now Filing Bankruptcy

In the last month, two large California cities announced they would be filing bankruptcy because they were unable to meet creditor obligations. In a report released by Moody’s Investors Service it stated that willingness to pay debt obligations may be … Continue reading

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Another City in California, San Bernardino Is Filing Bankruptcy

On Tuesday, San Bernardino City Council found out they only had $150,000 left in their bank accounts, leaving them just enough to make payroll this week. Because of the dire financial situation of the ailing city, the city Council decided … Continue reading

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