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Klein declared that the much-troubled city is, indeed, insolvent and therefore can use bankruptcy to address its severe financial problems. That impression was bolstered when Klein chastised the holders of city bonds and bond insurers for not
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Published April 01, 2013 Associated Press For the people of Stockton, a federal judge's anticipated decision Monday on the city's bankruptcy petition will affect their day-to-day lives for decades to come. But the Chapter 9 bankruptcy case also is
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The austerity plan, a required step in the federal bankruptcy process, freezes vacancies in the Police Department even as the city deals with an increase in violent crime...Chapter 9 bankruptcy protection Aug. 1, a move city officials estimate will
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Ty William Wright for The New York Times Doug Wallace is legally blind. Diabetes had rendered him legally blind and unemployed just a few years after graduating from Eastern Kentucky University. He filed for bankruptcy protection and quickly got rid
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Creditors of Stockton Fight Over Pension Funding While in Bankruptcy Published: August 23, 2012 Creditors of the city of Stockton, Calif., are mounting a challenge against a popular belief: that public workers' pensions are impervious to cutbacks
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American Airlines is going back to court to throw out its contract with union pilots after making changes to satisfy the bankruptcy judge. If it wins in court, American could cut annual spending on pilots by more than $300
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February 18, 2012 ONE county jail here is so crowded that some inmates sleep on the floor, while the other county jail, a few miles down the road, sits empty. David Bundy for The New York Times The Vulcan statue in Birmingham is patterned after the
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Young is no longer compiling billable hours for the administrative and supervisory work that reaped him more than $1 million from Jefferson County in one 12-month period. "I feel very comfortable in saying that he is not on our payroll any longer,"
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France has ruled that Pennsylvania's capital city of Harrisburg may not seek bankruptcy protection, calling such a filing illegal. France issued the ruling Wednesday after hearing more than two hours of arguments by lawyers as to whether the
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ANA, California (AP) — The sale of the Crystal Cathedral to the Catholic church could mark an end to the storied televangelist ministry broadcast around the world that came crashing down in hard times. While the church's
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