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allowing the city to proceed with a Chapter 9 bankruptcy filing without having to seek mediation with its creditors. Stockton, a city of 300,000 in California's Central Valley, filed for bankruptcy after three months of confidential talks with creditors.

Bankruptcy filings are down in Wisconsin for the second consecutive year, but the pace of the decline is slower than the national rate. Through the first six months of 2012, there were about 14,000 bankruptcy petitions filed in Wisconsin, down nearly 5 ...

The city will take about 30 days to make its filing for Chapter 9 protection, most likely in U.S. Bankruptcy Court in Riverside, California, said City Attorney James Penman. The city of about 210,000 people located 65 miles east of Los Angeles ...

American Airlines parent AMR Corp. won more time to develop its plan to restructure and exit bankruptcy as it works to consider possible mergers. American’s request for an extension of a deadline for filing the plan was approved by U.S ...

This could be the right time to start over and try to eliminate your prior debts through a bankruptcy. However, before you make that decision, you should know that filing for bankruptcy has some serious consequences. Your credit history will ...