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Town Of Rio Vista Nears Bankruptcy, As Foreclosure Crisis Spreads

Streets and housing lots are seen vacant at a 750-home housing development where construction was halted November 20, 2008 in Rio Vista, California. The northern California city is considering filing for bankruptcy as it struggles to deal with a $816,000 deficit in its general fund.  The fund is used for a variety of purposes, including employee wages.
Town Of Rio Vista Nears Bankruptcy, As Foreclosure Crisis Spreads
Streets and housing lots are seen vacant at a 750-home housing development where construction was halted November 20, 2008 in Rio Vista, California. The northern California city is considering filing for bankruptcy as it struggles to deal with a $816,000 deficit in its general fund. The fund is used for a variety of purposes, including employee wages.
( - Photo by Justin Sullivan/Getty Images North America)
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