Monday, July 23, 2012

Vallejo bankruptcy

  • Cobblestones show through the decrepit pavement in Sheila Dodsons downtown neighborhood, prostitutes ply the sidewalks in broad daylight and many of the century-old Victorians stand empty. Yet this is where Dodson wants to raise her family.
  • (ABC News)
  • The station, located at 595 Mini Drive, closed in July 2010, along with Station 26 on Fulton Avenue in Glen Cove, while the Vallejo was going through bankruptcy proceedings.
  • (Abc Local Web)
  • 1. In 2008, Vallejo filed for bankruptcy. Aside from Mammoth Lakes, a small city hit with a legal judgment, the cities suffered from costs too high for their taxpayers to bear.
  • (Orange County Register)
  • Bankruptcy would enable the city to stop servicing its debts and use revenue instead to keep the city operating. Q: How much will this cost San Bernardino? A: Vallejo spent something like $10 million on its lengthy bankruptcy.
  • (89.3 KPCC)
  • Weve raised taxes. How the hell did we get here? John Knox, a lawyer who worked on the Vallejo bankruptcy, was there. Now hes advising Stockton on its filing, and he suspects more bankruptcies could be coming.
  • (Businessweek)
  • Thats why struggling cities do -- and should -- avoid bankruptcy court. Its also why predictions of mass bankruptcies -- beyond those in Stockton, Vallejo, Mammoth Lakes, and now San Bernardino -- are unlikely to come true.
  • (NBC Bay Area)
  • When San Bernardino became the fourth municipality in the state to file for bankruptcy - behind Vallejo, Mammoth Lakes and Stockton - it sent shockwaves through the California governmental landscape.
  • (San Gabriel Valley Tribune)
  • SACRAMENTO, Calif. — Stocktons historic bankruptcy case began Friday with a Freudian slip, as the citys lawyer introduced himself in court as representing the city of Vallejo. Attorney Marc A.
  • (McClatchy)

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