Town of Mammoth Lakes, CA files for bankruptcy

Jul 2nd, 2012 | By | Category: Budget, Politics-General, Politics-Relevant;

The town of Mammoth Lakes, CA voted to file for bankruptcy today.  In their particular case the situation was caused by a lawsuit filed by a developer over breach of contract.  The town hasn’t got the resources to pay.

Clicking here will link to the town website which makes mention of this situation.

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