Stockton, Calif. set for first bankruptcy hearing on Friday


Uncle Sam | 207005 hits | Jul 02 4:57 pm | Posted by: raydan
1 Comment

SAN FRANCISCO (Reuters) - Lawyers for Stockton, California will appear for the first time in a Sacramento court this week to make their case for protecting the city from its creditors in bankruptcy.

Comments

  1. by Prof_Chomsky
    Tue Jul 03, 2012 1:54 pm
    Anyone know if this is uniquely American, or do Canadian municipalities have the ability to privately borrow and wind up in the hands of a private equity group?



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