SAN FRANCISCO - The Vallejo, Calif., City Council is scheduled to consider a recommendation tonight to file for Chapter 9 bankruptcy protection.

The San Francisco Bay-area city of 120,000 would be the largest California city to declare bankruptcy and the largest municipality to seek protection from creditors since Orange County in 1994.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.