Another municipal bankruptcy is on the horizon for California. This time, it is the town of Mammoth Lakes, CA, as the Town Council unanimously approved the decision to file for bankruptcy on July 2, 2012. One of the major reasons it is filing bankruptcy is the Town’s inability to repay a Court judgment entered against it for $43 Million. Cases such as these show that even municipalities are struggling to pay bills in the recent economic downturn.
Please see the full article for details. http://www.sfgate.com/news/article/Mammoth-Lakes-Town-Council-votes-to-file-3684756.php
At Over the Mountain Law Center, LLC, we realize that times are tough, and many people are struggling to meet basic obligations. Our office is accepting payment plan for both Chapter 7 and Chapter 13 Clients. Call us at 205-870-8480 to set up a free consultation with one of our Birmingham Bankruptcy Attorneys today.