California: Judge Approves Bankruptcy Plan For One Of The Largest U.S. Cities

A judge on Thursday approved a debt plan by Stockton, California, one of the largest U.S. cities to declare bankruptcy, allowing it to reorganize more than $900 million in long-term debt and put more than two years of financial uncertainty behind it. Marking a critical development in the city’s financial recovery, U.S. Bankruptcy Judge Christopher […]



From Yeshiva World News