ABSTRACT
The Orange County Board of Supervisors filed for Chapter 9 protection from bankruptcy on December 6, 1994, declaring losses in the county's investment pool of approximately $1.7 billion or roughly 20% of the entire pool. At the time, there were 187 government units, in addition to the county, participating in the Orange County Investment Pool (OCIP). Many of the participants were cities or towns located in the county; a few were towns outside the county's geographic limits that had asked to participate because of the county's record of high yields.
