SACRAMENTO, California (Reuters) – Stockton, Ca, is qualified to receive bankruptcy security, a judge that is federal on Monday, switching aside creditors’ arguments the city wasn’t undoubtedly insolvent whenever it desired security and improperly did not look for retirement concessions.
U.S. Bankruptcy Court Judge Christopher Klein’s ruling allows Stockton to continue with a Chapter 9 bankruptcy that is municipal after it became the biggest U.S. Continue Reading