Cool Orange County Bankruptcy 1994 References. Web robert citron, who went from oc treasurer's office to prison for 1994 bankruptcy, dies. Web orange county was forced to file for bankruptcy on tuesday after it was unable to roll over a $2 billion loan with the cs first boston corporation.

When orange county, california, filed for chapter 9 protection on december 6, 1994, it became the largest municipality in united states history to declare. Web reversing 1994 orange county bankruptcy reforms. This was the largest loss ever recorded by a local.