Archive | April, 2013

Stockton City Bankruptcy

Yay! Stockton gets to stay in bankruptcy! By Clint Smith The bankruptcy judge in the Chapter 9 case of Stockton, California ruled that the case may proceed. Why is that news? Because Chapter 9, which applies to municipalities (cities and counties, mostly) is not automatic. Creditors (or other interested parties, like employees unions) can challenge […]

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Bankruptcy Fraud – What is that?

We’ve had another public disclosure of some bankruptcy fraud in the state of Idaho. A woman named Shauna Pennington was found guilty, in Criminal Court and in the Bankruptcy Court, of having provided false financial information and other things. Here’s what happened: In March of 2010 she apparently went to a bank to obtain a […]

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