California businesses bear brunt of growing unemployment benefit debt

California businesses bear brunt of growing unemployment benefit debt

Companies owned by President Donald Trump have declared bankruptcy six times, a reminder that a corporation that defaults on repaying money it has borrowed is often forced into bankruptcy court. Several California cities, including Stockton and San Bernardino, that unwisely made pension promises to their employees that they could not keep also wound up before a federal bankruptcy judge. And then there’s California’s state government. Five years …