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Tag: bankruptcy

Stockton, Calif., takes ‘first step towards bankruptcy’

Posted on March 12, 2012January 7, 2019

Another city mentions the B word: Stockton, California will “skip some bond payments in an effort to restructure its precarious finances.” Along with defaulting on about $2 million of debt payments through the end of its current fiscal year, the city located about 85 miles east of San Francisco will seek mediation with its major bond…

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