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Municipal Lawyers

Dec. 6, 2012

John H. Knox

Orrick, Herrington & Sutcliffe LLP San Francisco Specialty: public finance


On June 28, the city of Stockton filed a petition for protection under Chapter 9 of the U.S. Bankruptcy Code.


In an open letter to the community, city officials reported that its general fund, which provides essential services such as police and fire, "has exhausted its reserves and is burdened with obligations it cannot pay."


"Some of the capital market creditors objected to the city's eligibility to be a party in a Chapter 9 case,&q...

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