Relevant:
- Wells Fargo Seizes Stockton California City Hall, Parking Garages; City Prepares Bankruptcy Contingency Plans; Bondholder Mediation Underway
- Stockton, California Went Broke As Quarter Of Workers Earned More Than $100,000: Report
- Vallejo, California City Officials Vote to File for Bankruptcy
- Mediation Fails, Pushing Stockton Toward Bankruptcy
- California City Moves Closer to Bankruptcy Filing
2012-03-01 — bloomberg.com
"This week, Stockton moved closer to bankruptcy with a City Council decision to preserve cash by defaulting on $2 million in bond payments. It also voted to begin a mediation process required under state law prior to seeking court protection. The city said its goal is to avoid bankruptcy. If it files, it would be the most populous U.S. city to do so."
original article |
permalink to this page |
forum thread |
|
RSS |
Subscribe by email! 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
|
FreeRateUpate.com Mortgage Rates
|
