Meanings of recent bankruptcies in English

Growing costs were significant factors in the recent bankruptcies of Detroit and the California cities of Stockton and San Bernardino.

For most California cities, their largest debt is pension liability, a significant factor in the recent bankruptcies of Vallejo, Stockton and San Bernardino.

Last month, the operating unit in court papers charted recent bankruptcies in which examiners were appointed, noting that most have ultimately exceeded their budgets.

Property developer Urban Corp 8868.T this week folded under $2.4 billion in debts, joining a number of recent bankruptcies among property firms.