Bankruptcy
Nov. 19, 2010
Vallejo Nears End of Bankruptcy
The city of Vallejo posted a five-year business plan on its website Tuesday for public perusal, laying out how the city expects to live within its means after years of overspending led it to file for Chapter 9 bankruptcy protection in 2008.
Daily Journal Staff Writer
The city of Vallejo posted a five-year business plan on its website Tuesday for public perusal, laying out how the city expects to live within its means after years of overspending led it to file for Chapter 9 bankruptcy protection in 2008.
City officials expect to adopt the plan on Nov. 30 and to authorize the city manager to file a plan of adjustment with the federal bankruptcy court by December. O...
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