When Government Fails: The Orange County Bankruptcy
by Mark Baldassare
Category: Business & Economics

When Orange County, California, filed for Chapter 9 protection on December 6, 1994, it became the largest municipality in U.S. history to declare bankruptcy. In a comprehensive analysis of this fiscal crisis, the author uncovers the many twists and turns that led eventually to financial recovery in 1996--and how to prevent similar future situations. 86 tables.