When Government Fails: The Orange County Bankruptcy


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Carts bearing the name of both Vons and Haggen line up under signs announcing a going-out-of-business sale at the Haggen grocery store location on First Street in Tustin. The chain filed for Chapter 11 bankruptcy on Tuesday. A sign helping Haggen customers with questions about the closure was taped up at the check-out counter at the Haggen location on First Street in Tustin. The chain filed for Chapter 11 bankruptcy. The Haggen location on First Street in Tustin has put items in the store on sale.

A store closing sale continues at Haggen on First Street in Tustin. After landing in Southern California six months ago, Northwest grocer Haggen has filed for bankruptcy protection -- a move considered one of the quickest collapses to hit the supermarket industry in decades.

A shopper goes to the Haggen on First Street in Tustin for deals at the closing store. The chain filed for Chapter 11 bankruptcy Tuesday. Haggen, which acquired stores in the Albertsons-Safeway merger, based its Pacific Southwest headquarters in Irvine. The chain filed for Chapter 11 bankruptcy Tuesday in the U. Bankruptcy Court for the District of Delaware. Bill Shaner, who was brought in to oversee the Haggen stores in Southern California, Arizona and Nevada is no longer with the company. Here, Shaner checks out the progress of a hour conversion of the Haggen grocery store in Laguna Beach in March.

Gama Gutierrez, a janitor at the Haggen Food grocery store in Laguna Beach, cleans an aisle after workers replaced all Albertsons price tags with Haggen tags in March. The new grocer filed for Chapter 11 bankruptcy. Chris Jacoby, director of produce for the Pacific southwest, stocks fruit at the new Haggen Food grocery store in Laguna Beach during a hour conversion from Albertsons in March.

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Haggen brand ice cream now sits on the shelves of the former Albertsons in Laguna Beach. Checkout stands at the new Haggen Food grocery store in Laguna Beach. Here, Shaner chats with scan coordinator Lorraine Kehoe during the hour conversion of his newest grocery store in Laguna Beach.


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Haggen entered the fragmented Southern California grocery market six months ago after purchasing Albertsons and Vons stores outside its core Pacific Northwest market, where it operated 18 stores. Eleven of its 82 California locations were in Orange County.

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After landing in Southern California six months ago, Northwest grocer Haggen has filed for bankruptcy protection — a move considered one of the quickest collapses to hit the supermarket industry in decades. Eminently readable, it underlines the dangers inherent in a freewheeling bull economy and the imperatives of local and state governments to protect fiscal assets. As Baldassare shows, Orange County need not—and should not—happen again. Get A Copy. Paperback , pages. More Details Original Title. Other Editions 3. Friend Reviews.

When Government Fails - The Orange County Bankruptcy by Mark Baldassar

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    Orange County Bankruptcy: how we got here

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    California in the New Millennium | Ingram Academic

    These are not unique factors The local governments in Orange County were considered highly creditworthy up until the very end. Their downfall was the r "Three factors are at the heart of the Orange County fiscal crisis: the political fragmentation in local government, voter distrust of local government officials, and the condition of austerity in the state government. Their downfall was the result of an overwhelming desire to live beyond their means by increasing their local revenues.

    They could not say no to the interest income that was gained through risky investments. Steve rated it really liked it Oct 23, Mark Robbins rated it liked it Aug 16, Katerina Robinson rated it liked it Jul 13, Liam rated it it was ok Feb 03, Tracey Dickinson rated it it was ok Aug 22, Benjamin Thompson rated it it was amazing Aug 24, James Buatti rated it really liked it May 30, Jennifer rated it really liked it Aug 21, Juan Liu rated it really liked it May 08, Joshua rated it liked it Apr 24, Mohammad Malek Al Jamal rated it liked it Jul 03, Jim Francis rated it liked it Mar 30, Lindsay rated it really liked it Jul 24,

    When Government Fails: The Orange County Bankruptcy When Government Fails: The Orange County Bankruptcy
    When Government Fails: The Orange County Bankruptcy When Government Fails: The Orange County Bankruptcy
    When Government Fails: The Orange County Bankruptcy When Government Fails: The Orange County Bankruptcy
    When Government Fails: The Orange County Bankruptcy When Government Fails: The Orange County Bankruptcy
    When Government Fails: The Orange County Bankruptcy When Government Fails: The Orange County Bankruptcy

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