Mammoth Lakes, California, approves bankruptcy filing
The leaders of Mammoth Lakes, California, voted on Monday to approve a bankruptcy filing for the ski resort town, just days after Stockton, California, became the most populous US city to turn to bankruptcy court for protection from its creditors.
After nearly three years of winding its way through federal bankruptcy court, Vallejo, Calif., was cleared Friday to emerge from Chapter 9 bankruptcy protection, said Marc Levinson, the city's bankruptcy attorney.