The irony here is that the state required the city to shape up after its finances nearly collapsed in the mid-1970's.

But that is largely because Argentina has not been making payments on $88 billion in debt since its finances collapsed and it defaulted early last year.

The city's finances collapsed.

The Milsteins have squabbled with the league over how easily their real estate assets could be extricated from family partnerships if the team's finances collapsed.

The city's finances collapsed, the crime rate soared.

However, their finances inexplicably collapsed in their last two seasons, and they were shut down by the league 16 games into the 1975-76 season after missing payroll.

The Panic of 1893 weakened the union significantly, however, and the union's finances collapsed.

As crime rose and the city's finances collapsed, Dinkins seemed at sea.

In the late 1980s, Swann's finances collapsed, entangling McAuliffe, who then used his political contacts to help Swann.

When Boyd's finances collapsed, the town was abandoned from the 1840s until the first renovation of the Seahorse Inn in the 1930s.