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Chapter 9

City Hall in Stockton. (CBS)

Stockton Faces Off With Creditors In Bankruptcy Court

Lawyers 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.

03/25/2013

City Of Vallejo

Vallejo Poised To Emerge From Bankruptcy

A federal judge has approved Vallejo’s plan to emerge from bankruptcy and will soon formally sign off on the proposal, city officials said Friday.

CONNECT WITH KCBS–07/29/2011