1. And, since municipal bankruptcies are so rare, nearly everything he does breaks new ground. 2. As a result, Orange County became the largest municipal bankruptcy in American history. 3. A municipal bond lobbying group called for reform of municipal bankruptcy laws to prevent governments from reneging on debt payments. 4. A U.S. bankruptcy court judge said he will approve a complex plan filed by Orange County, California, to emerge from the largest municipal bankruptcy in U.S. history. 5. During years of mismanagement and municipal bankruptcy, the rows of elegantly detailed brick houses, many now vacant, began to fall into disrepair. 6. Municipal bankruptcies and defaults are extremely rare. 7. Municipal funds were hit with a record wave of selling in November -- even before Orange County, Calif., became the biggest municipal bankruptcy in American history. 8. Orange County voters are about to reject a sales tax increase and the biggest municipal bankruptcy in American history looms. 9. Orange County, Calif., on Wednesday began the slow, hard work of rescuing itself from the largest municipal bankruptcy in American history. 10. That, in turn, led the county to lay off thousands of workers and initiate the largest municipal bankruptcy ever. |