Guineveretoo
Mostly bewildered
Yes. Yes, it is.Is Croydon bankrupt? Croydon 'cannot guarantee' avoiding bankruptcy
The Chief Executive has just fallen on her sword. London Councils have stepped in to try and help Croydon sort its finances out. It is sacking around 400 staff, if not more. A debt of something like £1.5 billion.
So yes, that sounds pretty much like bankruptcy.
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