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Stockton California Bankruptcy

Stockton To Enter Bankruptcy, Judge Rules

Reuters | Jonathan Weber | Posted 06.01.2013 | Business

SACRAMENTO, Calif., April 1 (Reuters) - The city of Stockton, California, is eligible for bankruptcy protection, a federal judge ruled on Monday, turn...

Bankruptcy Is Only The Beginning...

AP | TRACIE CONE | Posted 06.01.2013 | San Francisco

SACRAMENTO, Calif. — The people of Stockton will feel financial fallout for years after a federal judge ruled Monday to let the city become the ...

'No Other Option But Bankruptcy'

AP | TRACIE CONE | Posted 05.25.2013 | San Francisco

SACRAMENTO, Calif. — Lawyers for the California city of Stockton said Monday it has cut its budget and services to the bone and has no choice ab...

Bankrupt Town's City Manager: Retirement Benefits A 'Ponzi Scheme'

Reuters | Posted 09.03.2012 | Business

* City manager: Retirees' healthcare "a Ponzi scheme" * Police officers can retire at 50 years old with pension ...

California City To Become Largest U.S. City To Declare Bankruptcy

AP | GOSIA WOZNIACKA | Posted 08.27.2012 | San Francisco

STOCKTON, Calif. — Officials in Stockton said Tuesday that mediation with creditors has failed, meaning the Central California city is set to be...

CHAPTER 9: Stockton Appears Headed For Bankruptcy

AP | Posted 08.26.2012 | San Francisco

By GOSIA WOZNIACKA, Associated Press FRESNO, Calif. (AP) -- Stockton could become the largest U.S. city to declare bankruptcy after a deadline to m...