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Bankruptcy

This category contains 12 posts

Is Your Bank Account Safe?

I’ve been getting a number of emails lately from readers concerned about their personal bank accounts in the wake of this month’s financial crisis. The truth is a number of fairly large banks have failed and the trend is likely to continue over the coming weeks. People have already begun to speculate, for […]

What a Bankrupt Office Looks Like

Mr. Toledano, a New York City photographer, began an interesting photography project shooting offices after bankruptcy. As he describes, the project is more “archaeology than photography.” So if you want to see glimpses of life, interrupted, then check out the gallery.

How Does a City Go Bankrupt?

If you haven’t heard, the California city of Vallejo filed for bankruptcy protection this week after they were unable to come up with over $17 million to balance the budget. The story prompted me to ask, “How does a city go bankrupt?”
The short answer is: just like the rest of us.
Sometimes there are extenuating circumstances […]