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When Orange County, California, filed for Chapter 9 protection on December 6, 1994, it became the largest municipality in United States history to declare bankruptcy. In the first comprehensive analysis of this momentous fiscal crisis, Mark Baldassare uncovers the many twists an…
When Orange County, California, filed for Chapter 9 protection in 1994, it became the largest municipality in US history to declare bankruptcy. This analysis of the fiscal crisis uncovers the many twists and turns from the dark days in December 1994 to the financial recovery of …