Liquidation

Deeper cuts to police payrolls would be intolerable, making a financial restructuring in bankruptcy a necessary if painful choice, according to council members who voted for the budget. The $3.7 trillion U.S. municipal bond market has so far ...

It's important to note that there are several different types of bankruptcy, each with its own set of rules. With Chapter 7 bankruptcy, for example, individuals can keep all of their personal property, depending on their state laws. Chapter 13 ...

Stockton’s expected bankruptcy filing won’t create a sell- off in the $3.7 trillion municipal-bond market because investors of tax-exempt debt have known about the city’s budget deficit and rising health-care expenses, Matt Fabian ...

Major Market Indices Deeper cuts to police payrolls would be intolerable, making a financial restructuring in bankruptcy a necessary if painful choice, according to council members who voted for the budget. The $3.7 trillion U.S. municipal bond market has ...

In December, the county was $4.2 billion in debt. The largest previous municipal bankruptcy case was filed in 1994 by Orange County, California, which owed approximately $1.7 billion to creditors. CNN's Ed Payne contributed to this report.