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STOCKTON, Calif., June 26 (Reuters) - Stockton, a northern California city of nearly 300,000, is poised on Tuesday to become the largest U.S. city to declare bankruptcy by approving a budget that requests protection from creditors. After three months of ...

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 ...

Bankruptcy courts around the country have expressed differing opinions about whether a 1099-C forgives or discharges the debtor from further liability on a debt. For example, courts in Connecticut have said that filing a 1099-C has the effect of ...

Stockton-- At 8 years old, Elizabeth Cerna doesn't know anything about Stockton going bankrupt, but she knows a lot about hope. She's been saving coins she finds on the sidewalk so her family can move out of the city homeless shelter where they wound up ...

Cinram International, which has a DVD manufacturing plant in Huntsville, announced Monday that it has reached agreements with newly formed subsidiaries of Najafi Companies for the sale of substantially all of Cinram's assets and businesses in ...