December 22, 2010
For cities and towns facing unsustainable pension costs, the end game may look something like Prichard, Ala.
The financially troubled suburb of Mobile turned to bankruptcy court in October 2009 when it "simply ran of money to pay its pension obligations,"...
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City Filed Chapter 9 BK, Hasn't Paid Retiree Benefits For 16 Months
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City Wants To File Bankruptcy, State Won't Let It
December 5, 2010
Hamtramck can't declare bankruptcy, state says
Hamtramck officials are still considering four loan options after meeting with current state Treasury officials Monday, as well as future state Treasurer Andy Dillon.
"On the one hand, the meeting...