Wednesday, February 29, 2012

Stockton bankruptcy

  • STOCKTON, Calif.
  • (New York Times)
  • Things have been tough but we hang on. We never considered bankruptcy.
  • (Los Angeles Times)
  • STOCKTON – Hoping to stave off the ignominy of becoming Americas largest city to declare bankruptcy, Stockton officials are planning on suspending $2 million in bond payments and are seeking mediation with the citys creditors.
  • (Sacramento Bee)
  • If completed, Stockton will be the largest U.S. city to declare bankruptcy Stockton, California is a proud city of 290,000 people bracing to take the first initial steps in declaring bankruptcy. Another California town, Vallejo declared bankruptcy in 2008.
  • (Catholic Online)
  • STOCKTON -- For a city already reeling from a fiscal crisis, crime and the devastating effects of the housing meltdown, a damning rebuke last year came in cold type.
  • (Merced Sun-Star)
  • Dan Richards, who chairs the California Fish and Game Commission, is under fire in the Capitol because he killed a mountain lion in Idaho and posed with his trophy for a picture that was later published on a hunting publication website.
  • (Sacramento Bee)
  • STOCKTON -- Hoping to stave off the ignominy of becoming Americas largest city to declare bankruptcy, Stockton officials are planning on suspending $2 million in bond payments and are seeking mediation with the citys creditors.
  • (Sacramento Bee)
  • STOCKTON - The City Council on Tuesday is expected to take its first step toward filing for bankruptcy in a dramatic move to remedy Stocktons crippling finances.
  • (Record)
  • STOCKTON, CA - The Stockton city manager is pushing the city council to approve a 60-day mediation process with creditors, the first step required under a new state law before any California city can seek bankruptcy.
  • (KXTV News10Net)
  • The city of Stockton, California is pondering whether to file for bankruptcy protection, after telling bondholders on Friday that it could miss a bond payment.
  • (Barron's Online)

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