Judge Rules Stockton, Calif., to Enter Bankruptcy

http://www.nytimes.com/aponline/2013/04/01/us/ap-us-stockton-bankruptcy.html?ref=business

 

SACRAMENTO, Calif. (AP) — A judge accepted the California city of Stockton's bankruptcy application on Monday, making it the most populous city in the nation to enter bankruptcy.

 

U.S. Bankruptcy Judge Christopher Klein said the bankruptcy declaration was needed to allow the city to continue to provide basic services

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