UT San Diego
California City Weighs Fiscal Emergency to Avoid Chapter 9
As Southern California city Desert Hot Springs teetered on the edge of bankruptcy for the second time in a decade, Jim Spiotto commented on the rare instances in which the same city will file twice for Chapter 9. Jim explained that these cases often involve small municipalities with declining populations--yet Desert Hot Springs had experienced significant population growth since the 1960's. Click here to read Jim's remarks.