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Mayor: Stockton appears headed for bankruptcy - msnbc.com

06/26/12

Mayor Ann Johnston told KCRA-TV ( http://bit.ly/LpyGkr ) that a formal bankruptcy filing appears "very likely." In the past three years, officials in the city that was slammed by the collapse of the housing market dealt with $90 million in deficits through ...

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Public packs Stockton City Hall for vote - msnbc.com

06/26/12

Mayor Ann Johnston told KCRA earlier Tuesday that a formal bankruptcy filing appears "very likely." KCRA's Melinda Meza reported that the public has packed Stockton's City Hall for tonight's meeting, which started at 5:30 p.m. The Council will vote on a ...

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Stockton, Calif., set to become largest American city to declare bankruptcy - Everything Alabama Blog

06/26/12

"The whole purpose of filing Chapter 9 is to avoid an uncontrolled chaotic situation," he said. "Bankruptcy provides the equivalent of a pause button. It retains services and provides structure so you don't have a bunch of lawsuits." City ...

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UPDATE 2-California's Stockton seen at brink of bankruptcy filing - Reuters

06/26/12

STOCKTON, Calif., June 26 (Reuters) - The northern California city of Stockton is poised on Tuesday to become the largest U.S. city to declare bankruptcy by approving a budget that requests protection from creditors. Stockton's predicament stems ...

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Bankruptcy costs push AMR to net loss in May - Yahoo Finance

06/26/12

The company did not provide comparable figures for the same months last year. AMR disclosed the results Tuesday in a filing with the U.S. bankruptcy court in New York. Since filing for Chapter 11 protection in November, AMR has reported net ...

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Bankruptcy costs push AMR to net loss in May - CNBC

06/26/12

The company did not provide comparable figures for the same months last year. AMR disclosed the results Tuesday in a filing with the U.S. bankruptcy court in New York. Since filing for Chapter 11 protection in November, AMR has reported net losses totaling ...

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Stockton Mayor: California city appears headed for bankruptcy - FOX News

06/26/12

Mayor Ann Johnston told KCRA-TV that a formal bankruptcy filing now appears "very likely." In the past three years, officials in the city that was slammed by the collapse of the housing market dealt with $90 million in deficits through a series ...

[more]

Mayor: Stockton appears headed for bankruptcy - AP - msnbc.com

06/26/12

Mayor Ann Johnston told KCRA-TV (http://bit.ly/LpyGkr) that a formal bankruptcy filing now appears "very likely." In the past three years, officials in the city that was slammed by the collapse of the housing market dealt with $90 million in deficits ...

[more]

Mayor: Stockton, Calif. appears headed for bankruptcy - Reno Gazette

06/26/12

Mayor Ann Johnston told KCRA-TV on Tuesday that a formal bankruptcy filing now appears “very likely.” In the past three years, officials addressed $90 million in deficits through a series of drastic cuts. They eliminated one-fourth of the ...

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Stockton mayor says city considering filing bankruptcy; would be largest US city to file - Abc Local Web

06/26/12

STOCKTON, Calif. (KABC) -- Stockton Mayor Ann Johnston said Tuesday the city is likely to file formal bankruptcy. Stockton suffered during the housing market collapse in recent years. The city also saw deficits of $90 million, forcing drastic cuts in the ...

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