No, Queen Creek is not in Bankruptcy. In fact, they are under a complete reorganization of the building department and other services to be more "user friendly" and streamlined. With over 600 new homes planned and being built, and more than 60 new building permits coming in per month the changes were really needed.
All the information about these changes can be obtained from the QC website.
Queen Creek is NOT in bankruptcy, in fact to handle all the growth in the community they have just increased their work force by 20%. New businesses, new trails, new parks, improved roads are all happening here in Queen Creek! Come on in, the waters FINE!