Chapter 9

Stockton Faces Off With Creditors In Bankruptcy CourtLawyers for the California city of Stockton said Monday it has cut its budget and services to the bone and has no choice about trying to become the most populous U.S. city to enter bankruptcy.
Vallejo Poised To Emerge From BankruptcyA federal judge has approved Vallejo’s plan to emerge from bankruptcy and will soon formally sign off on the proposal, city officials said Friday.

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