Bankruptcy
Mar. 29, 2013
Stockton urges court to approve Chapter 9 bankruptcy protection
Stockton bargained with bondholders in good faith and deserves protection under municipal bankruptcy law, the cash-strapped city's attorneys argued in the third and final day of a major municipal bankruptcy hearing Wednesday.
Daily Journal Staff Writers
SACRAMENTO - Stockton bargained with bondholders in good faith and deserves protection under bankruptcy law, the cash-strapped city's attorneys argued Wednesday in the third and final day of a trial to determine the fate of its Chapter 9 bankruptcy petition.
Stockton, which filed for bankruptcy in June after negotiations with several of its major creditors f...
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