Stockton, Ca Will File For Bankruptcy

A city of 300,000 is flat broke.

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  • NCPERS Statement on Approval of Stockton Bankruptcy Plan
    Klein’s decision today to accept Stockton, CA’s Plan of Adjustment. His ruling means the city will be able to emerge from two years of financial uncertainty with its public pensions and public safety services intact. Stockton was forced to file for ...
    10/31/2014 - 7:01 am | View Link
  • Stockton Catholic Diocese to File for Chapter 11 after Decades of Child-Sex Court Losses
    Stockton becomes the 10 th diocese to file for bankruptcy, including one in San Diego. The San Diego diocese filed in February 2007 and in September of that year agreed to pay $198.1 million to settle 144 claims of clergy abuse. The Stockton diocese paid $ ...
    01/15/2014 - 3:06 am | View Link
  • Stockton, CA becomes most populous U.S. city to file for bankruptcy, setting up pension fight
    So, here’s the deal. Stockton, CA ain’t got no money, and has filed for bankruptcy, like San Bernardino before it. Stockton has 300,000 residents and was recently named one of America’s most dangerous cities because it turns out that being mismanaged ...
    04/1/2013 - 4:41 pm | View Link
  • Stockton, CA Most Populous City To File Bankruptcy In U.S.
    CBS NEWS – Stockton, CA– A judge on Monday accepted the California city of Stockton’s bankruptcy application, making it the most populous city in the nation to enter bankruptcy. U.S. Bankruptcy Judge Christopher Klein said the bankruptcy declaration ...
    04/1/2013 - 1:00 pm | View Link
  • What's behind the Stockton, CA bankruptcy?
    Last July, Stockton, CA became the largest US city ever to file for bankruptcy. It was being choked to death by pension and health care costs after a series of bad investments in mortgage backed securities blew up during the housing meltdown. But some bond ...
    03/24/2013 - 1:00 pm | View Link
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