News

Stockton, California files for bankruptcy - msnbc.com

06/28/12

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 Eastern District ...

[more]

Stockton becomes largest U.S. city in debt to declare bankruptcy - New York Daily News

06/28/12

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 ...

[more]

Stockton, Calif. files for Chapter 9 bankruptcy - msnbc.com

06/28/12

"We are now a Chapter 9 debtor," Marc Levinson, the lawyer who filed the city's voluntary petition in the Eastern District of California, in Sacramento (Case 12-32118) told Reuters. Pleadings in support of Stockton's eligibility for Chapter 9 bankruptcy ...

[more]

UPDATE 2-Stockton, California bankruptcy petition filed - Reuters

06/28/12

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 ...

[more]

Stockton, California bankruptcy petition filed - msnbc.com

06/28/12

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 ...

[more]

Dykstra Pleads Guilty in Bankruptcy Fraud Case - New York Times

06/28/12

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 ...

[more]

Stockton files for Chapter 9 bankruptcy - Reuters

06/28/12

About $7 million in savings would come from cutting retiree medical benefits for one year. The retiree medical benefits will be eventually eliminated. Stockton becomes the nation's most populous to file for Chapter 9 bankruptcy. But Jefferson ...

[more]

Stockton, California files bankruptcy petition - msnbc.com

06/28/12

"We are now a Chapter 9 debtor," said Marc Levinson, a lawyer representing Stockton, noting he filed the city's voluntary petition in U.S. Bankruptcy Court for the Eastern District of California in Sacramento, California as Case 12-32118. Levinson said ...

[more]

Southland cities struggle to avoid joining Stockton in bankruptcy - Los Angeles Times

06/28/12

"Bankruptcy is what you do when you run out of options," Santana ... City officials have said they didn't want to end up in protracted litigation. Joe Nation, a former Democratic legislator and a public policy analyst at Stanford University, said pension ...

[more]

Stockton, California files bankruptcy petition - Yahoo Finance

06/28/12

About $7 million in savings would come from cutting retiree medical benefits for one year. The retiree medical benefits will be eventually eliminated. Stockton becomes the nation's most populous to file for Chapter 9 bankruptcy. But Jefferson ...

[more]