Bankruptcy
Aug. 2, 2011
Vallejo to emerge from bankruptcy
The city of Vallejo is finally set to emerge from its three-year ordeal in bankruptcy court.
Daily Journal Staff Writer
The city of Vallejo is finally set to emerge from its three-year ordeal in bankruptcy court.
U.S. Bankruptcy Judge Michael S. McManus of the Eastern District of California granted preliminary approval last week to the city's Chapter 9 reorganization plan, paving the way for Vallejo to exit bankruptcy this month.
The city expects official approval on Tuesday or Wednesday, said Marc A. Levin...
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