City Manager Bob Deis said officials sought the status Thursday in federal bankruptcy court in Sacramento, as expected. The filing comes after officials were unable to reach a deal with the city's creditors to restructure hundreds of millions of ...
The filing by the city of 300,000 people followed three months of confidential talks with its creditors aimed at averting bankruptcy. "We are now a Chapter 9 debtor," Marc Levinson, the lawyer who filed the city's voluntary petition in the ...
The filing by the city of 300,000 people followed three months of confidential talks with its creditors aimed at averting bankruptcy. "We are now a Chapter 9 debtor," Marc Levinson, the lawyer who filed the city's voluntary petition in the ...
Dykstra, who bought a mansion once owned by the hockey star Wayne Gretzky, filed for bankruptcy three years ago, claiming he owed more than $31 million and had only $50,000 in assets. Prosecutors said that after filing for bankruptcy ...
A phone message left for Dykstra's deputy federal public defender was not immediately returned. Prosecutors said that after filing for bankruptcy, Dykstra hid, sold or destroyed more than $400,000 worth of items without permission of a bankruptcy trustee.
announced Thursday that its reorganization plan had been approved by a federal bankruptcy court and that it expects to emerge from Chapter 11 by the end of July. The filing on April 16, 2011 was unprecedented among the country’s major ...
Stockton, just 85 miles (135 km) east of San Francisco, is on the verge of bankruptcy after its housing boom went bust. Officials of this city of nearly 300,000 people say the court filing for Chapter 9 bankruptcy is likely by Friday afternoon.
Bankruptcy attorneys say Chapter 9 filings give the court wide latitude to cancel or cut back on promised pensions. Under the law, municipalities have the right to ask the Bankruptcy Court to determine whether labor agreements should be rejected ...
Prosecutors said that after filing for bankruptcy, Dykstra hid, sold or destroyed more than $400,000 worth of items without permission of a bankruptcy trustee. Dykstra is currently serving a three-year prison sentence after pleading no contest ...
On Tuesday, federal prosecutors in Los Angeles entered under seal a plea agreement with Dykstra in connection with his embezzlement from the bankruptcy estate case. Thom Mrozek, a spokesman for the U.S. attorney's office, said the filing is ...
