Vallejo could wrap up the biggest municipal bankruptcy since Orange County, Calif., by the end of the summer.

The city has been in negotiations and court battles with labor unions since it sought Chapter 9 bankruptcy protection in May 2008. It has reached deals with two unions and recently entered into arbitration with its other two labor groups.

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.