Anonymous Coward User ID: 18562146 Mexico 06/27/2012 01:57 PM Report Abusive Post Report Copyright Violation | BREAKING !! Stockton, California, to File for Bankruptcy, City Says !! [ link to finance.yahoo.com] Stockton, California, said it will file for bankruptcy after talks with bondholders and labor unions failed, making the agricultural center the biggest U.S. city to seek court protection from creditors. "The city is fiscally insolvent and must seek chapter 9 bankruptcy protection," Stockton said in a statement released yesterday after council voted 6-1 to adopt a budget allowing it to operate under bankruptcy protection. "In addition to the bankruptcy petition, the city will file a motion with the courts to share information from the confidential mediation." |
Anonymous Coward User ID: 37262501 Mexico 04/01/2013 05:12 PM Report Abusive Post Report Copyright Violation | Re: BREAKING !! Stockton, California, to File for Bankruptcy, City Says !! |
Anonymous Coward User ID: 1119045 Germany 04/01/2013 05:24 PM Report Abusive Post Report Copyright Violation | Re: BREAKING !! Stockton, California, to File for Bankruptcy, City Says !! They announced this a YEAR ago, they just got Court approval to do it.
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