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Tags: stockton | bankruptcy

Stockton, California, Files for Bankruptcy Court Protection

Thursday, 28 June 2012 10:20 PM EDT

The California city of Stockton said it filed a petition seeking U.S. bankruptcy court protection after talks with bondholders and labor unions failed, making the agricultural center the biggest U.S. city to seek court protection from creditors.

The petition wasn’t immediately available from the court.


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2012-20-28
Thursday, 28 June 2012 10:20 PM
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