(AP) For the people of Stockton, a federal judge’s anticipated decision Monday on the city’s bankruptcy petition will affect their day-to-day lives for decades to come. But the Chapter 9 bankruptcy ...
SACRAMENTO, Calif. (AP) — Striking at the sanctity of public pensions in California, a federal judge ruled Wednesday that U.S. bankruptcy law allows the city of Stockton to treat pension fund ...
SACRAMENTO, Calif. (AP) – On its first official day in bankruptcy, the city of Stockton now must grapple with the hard part of reorganizing its financial affairs _ how to share the financial burden ...
STOCKTON (CBS13) - Stockton city officials were expected to meet with their creditors well into the night Monday in an effort to avoid bankruptcy as their window for mediation expires at midnight. If ...
FRESNO, Calif. (AP) — Stockton has filed for Chapter 9 protection, making it the largest American city ever to declare bankruptcy. City Manager Bob Deis said officials sought the status Thursday in ...
STOCKTON, Calif., June 27 (Reuters) - Stockton, California will become the largest U.S. city to seek protection from its creditors after its leaders approved a budget on Tuesday night based on the ...
SAN FRANCISCO (Reuters) - A costly mess, including court battles with employees and lenders that could stretch over years, is likely to await Stockton, California, if it cannot reach a last-minute ...
City officials say mediation with creditors has failed despite a new state law, designed to help local governments avoid bankruptcy. The city council voted 6-1 Tuesday night to approve a special ...