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After vote, California city could become nation's largest to file for bankruptcy - Detroit Free Press

06/27/12

Deis told city council members that filing for Chapter 9 protection is the only option for the city. He asked council members to approve the Pendency Plan, which is a special bankruptcy budget to plug next year's anticipated $26 million deficit ...

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Calif. city votes to file for bankruptcy - USA Today

06/27/12

Deis told city council members that filing for Chapter 9 protection is the only option for the city. He asked council members to approve the Pendency Plan, which is a special bankruptcy budget to plug next year's anticipated $26 million deficit ...

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Stockton, Calif., the largest U.S. city to seek bankruptcy protection - Washington Times

06/27/12

“Filing bankruptcy is time-consuming, expensive and complicated,” said Mr. Spiotto, noting that Vallejo spent millions of dollars alone on attorneys and other bankruptcy professionals. “And you never get the results you desire.” Others ...

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Bankruptcy Costs Push AMR to Net Loss in May - NBC Dallas-Fort Worth

06/27/12

AMR disclosed the results in a filing with the U.S. bankruptcy court in New York. AMR, since filing for Chapter 11 protection last November, has reported net losses totaling $2.8 billion including bankruptcy costs. In May, AMR's revenue was $2 ...

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What is municipal bankruptcy? - msnbc.com

06/27/12

The city of Stockton is on the verge of proceeding with a Chapter 9 bankruptcy filing, which is considered a rare and complex form of bankruptcy. Bob Deis, Stockton city manager, said the move is a legal method to prevent financial and legal chaos.

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City Of Stockton's Looming Bankruptcy: Pictures Tell The Story - NPR News

06/27/12

A bankruptcy filing could happen as soon as today, according to our colleagues at KQED and other local news outlets. The city of 300,000's painful step follows last year's bankruptcy filing by Alabama's Jefferson County — the largest municipal ...

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Mediation Fails, Pushing Stockton Toward Bankruptcy - New York Times

06/27/12

A year after nearby Vallejo, Calif., filed bankruptcy in 2008, state lawmakers passed AB 506, a bill requiring cities to hire a third-party mediator to negotiate with creditors before filing for bankruptcy. Stockton officials had hoped to avoid ...

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United States: Customer Filing For Bankruptcy In The Near Future - Mondaq

06/27/12

Q. My company sells products to a customer, which may file for bankruptcy in the near future. Despite this risk, I would like to continue to do business with the customer. What can I do to protect my company's interest and claims before this customer files ...

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The Oklahoma Bankruptcy Lawyers at Atkins & Markoff Alert Public to New York Fed Quarterly Report Indicating That Student Loan Debt Continues to Rise - YAHOO!

06/27/12

is a team of attorneys who are dedicated to helping consumers and business owners work their way through bankruptcy filings and other financial difficulties. The Oklahoma bankruptcy lawyers at the firm hereby alert the public to a recent report released by ...

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As state Legislature pushes bankruptcy ban, Harrisburg could run out of cash by October - PennLive.com

06/27/12

At the same time, the state Legislature is moving to extend a ban on municipal bankruptcy, which would prevent third class cities — including Harrisburg — from filing for bankruptcy protection. A Senate Republican leadership source confirmed ...

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