Connecticut State Capital Prepares For Bankruptcy Amid Collapse In Hedge Fund Revenue

It's not just the manufacturing rust belt states (e.g., Michigan, Illinois) which are being hollowed  out by a collapse in the economy.  Apparently the monied class in hedge fund hypocenters such as Connecticut are also struggling with bankruptcy.

http://www.zerohedge.com/news/2017-05-10/connecticut-state-capital-prepares-bankruptcy-amid-collapse-hedge-fund-revenue

Get Rich Or Go Broke Trying: Rapper 50 Cent Files For Bankruptcy

50 Cent is now worth less than 50 cents.

http://www.zerohedge.com/news/2015-07-13/get-rich-or-go-broke-trying-rapper-50-cent-files-bankruptcy

Mt Gox Files For Bankruptcy After $473 Million In Bitcoins "Disappeared"

http://www.zerohedge.com/news/2014-02-28/mt-gox-files-bankruptcy-after-473-million-bitcoins-disappeared

Iraq Collapse Shows Bankruptcy of Interventionism

http://www.the-free-foundation.org/tst6-3-2013.html

Farage - West Headed Into Orwellian Nightmare & Bankruptcy

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/5_Farage_-_West_Headed_Into_Orwellian_Nightmare_%26_Bankruptcy.html

Calpers triggers legal fight with bankrupt San Bernardino over pension debt

Good luck with that.  CalPERS is suing a bankrupt San Bernardino to recoup millions in halted pension payments.  Um, San Bernardino filed for bankruptcy--they're broke, but I'm sure Wall Street bankers will try to squeeze blood from a turnip.

http://www.reuters.com/article/2012/11/28/us-usa-debt-sanbernardino-idUSBRE8AR09120121128

Corzine Tells Judge That Due To Purchase Of 50,000 MF Global Shares Before Bankruptcy, He Must Acquit

http://www.zerohedge.com/news/2012-10-23/corzine-tells-judge-he-purchased-50000-shares-mf-global-stock-bankruptcy-he-must-acq

A Chinese Mega City Is On The Verge Of Bankruptcy

Those hoping for China's "soft landing" and bailing out the insolvent developed world are in for a rude awakening.

http://www.zerohedge.com/news/2012-09-27/chinese-mega-city-verge-bankruptcy

Breaking News ENI 2Q ADJ NET EU1.46 BLN; ANALYST EST EU1.52 BLN Peregrine Trustee Seeks to Subpoena Banks on Transfers

JPMorgan is being investigated in Peregrine's bankruptcy and the vaporization of segregated accounts.  What a surprise.

http://www.bloomberg.com/news/2012-07-31/peregrine-trustee-seeks-to-subpoena-banks-on-transfers.html

City of Compton may declare bankruptcy by September: officials

http://news.yahoo.com/city-compton-may-declare-bankruptcy-september-officials-084555526.html?utm_source=twitterfeed&utm_medium=twitter

San Bernardino votes to file for bankruptcy protection

http://latimesblogs.latimes.com/lanow/2012/07/san-bernardino-files-for-bankruptcy-protection.html

Mammoth Lakes files for bankruptcy

http://latimesblogs.latimes.com/lanow/2012/07/mammoth-lakes-bankruptcy.html

Stockton official: Mediation with creditors fails

http://www.sfgate.com/news/article/Stockton-official-Mediation-with-creditors-fails-3658878.php

Stockton California: Real estate seized by Wells Fargo as city preps bankruptcy contingency plan

http://stratrisks.com/geostrat/6295

Untouchable Pensions May Be Tested in California

http://www.nytimes.com/2012/03/17/business/untouchable-pensions-in-california-may-be-put-to-the-test.html?_r=3&WT.mc_id=BU-D-E-AD-OB-TXT-RTREMNT-ROS-0312-NA&WT.mc_ev=click

Providence Bankruptcy Seen as Unavoidable on Budget Gap

When Meredith Whitney, the star analyst who presciently predicted the subprime mortgage collapse in 2008, also put out a forecast for a rash of municipalities to go bankrupt last year, she was labeled a one-hit wonder as the bankruptcies didn't materialize in significant numbers.  Well, as it turns out, she probably wasn't wrong--she was merely early.

http://www.bloomberg.com/news/2012-03-27/providence-bankruptcy-seen-as-unavoidable-on-budget-gap.html

Stockton to Take Steps Toward Bankruptcy, City Manager Says

http://www.businessweek.com/news/2012-02-24/stockton-to-take-steps-toward-bankruptcy-city-manager-says.html

City of Stockton will suspend bond payments to avoid bankruptcy

http://www.sacbee.com/2012/02/24/4288696/city-of-stockton-will-suspend.html

Hoping to stave off the ignominy of becoming America's largest city to declare bankruptcy, Stockton officials are planning on suspending $2 million in bond payments and are seeking mediation with the city's creditors.

Deis said Stockton's $20 million budget deficit could double or worse if the city doesn't take dramatic actions. He said Stockton is reeling financially due to severe fiscal miscalculations, including approving generous public employee benefits in the early 1990s and failing to anticipate devastating impacts of the mortgage crisis on city tax coffers.

Deis, who came to Stockton from Sonoma County in 2010, charged that the city effectively created an unsustainable "ponzi scheme" when it approved benefits, including health care for life for city employees with as little as month in service time. As a result, the city manager said, Stockton faces an obligation of as much as $450 million in unfunded retirement costs.

Read more here: http://www.sacbee.com/2012/02/24/4288696/city-of-stockton-will-suspend.html#storylink=cpy

Read more here: http://www.sacbee.com/2012/02/24/4288696/city-of-stockton-will-suspend.html#storylink=cpy

China Insolvency Wave Begins As Nation's Biggest Provincial Borrowers "Defer" Loan Payments

http://www.zerohedge.com/news/china-insolvency-wave-begins-nations-biggest-provincal-borrowers-defer-loan-payments

American Airlines Files For Bankruptcy

http://www.zerohedge.com/news/american-airlines-files-bankruptcy