Posts From Tori Richards
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Tori Richards
What are the alternatives to bankruptcy?
Editor’s Note: This is the Ninth in a CalWatchDog.com Special Series of in-depth articles on municipal bankruptcy. It was 1975 and New York City was running out of cash. Its excessive spending and lack of financial oversight created a $14 billion debt,
Read MoreThe pros and cons of municipal bankruptcy
Editor’s Note: This is the sixth in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. What’s better for a cash-strapped municipality: filing for bankruptcy or struggling to survive without any clear solution to a massive deficit? In
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