Bankruptcy
Jun. 29, 2012
Municipal lawyers eye Stockton bankruptcy for clues
The bankruptcy is a trial by fire for AB 506, which requires lengthy negotiations before cities may pursue protection through bankruptcy proceedings. And so far the verdict on how well the legislation works is mixed.
Daily Journal Staff Writer
With the city of Stockton set to file for Chapter 9 bankruptcy protection Friday, the plight of the Central Valley city has captured attention for one reason besides it being the largest municipal bankruptcy in the nation.
It is a trial by fire for Assembly Bill 506, which requires lengthy negotiations before cities may pursue protection through bankruptcy proceedings. Other cities at risk of financia...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In