June 29, 2017 / 8:00 PM / 3 years ago

Orange Co, Calif. readies final bankruptcy-related debt payment

By Jim Christie Orange County, California is poised to make its final debt-service payment to retire bond debt related to its recovery from its 1990s bankruptcy filing, an event that made the county the poster child for disastrous financing decisions for years.

The final disbursement will go out within days for the nearly $420 million in bonds the county issued in 2005 to help refinance other debt it had sold in the aftermath of its Chapter 9 municipal bankruptcy, said Eric Woolery, Orange County’s auditor-controller, on Wednesday.

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