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Government

Sep. 25, 2009

Municipalities Flirt With Bankruptcy

Cash-strapped city officials have been keeping insolvency lawyers busy. Marc Levinson, of Orrick, represents the city of Vallejo.

By Jill Redhage
Daily Journal Staff Writer

Are fat union contracts, relics from flusher times, going to send more California cities into bankruptcy this year?

City officials have been hiring insolvency lawyers across the state to help them answer that question, keeping those lawyers busy for the first time in years on the rarely tested issues unique to municipal bankruptcy. But experts say cities in shaky financial health can muddle along for as l...

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