Cities Around the Nation Declaring Bankruptcy

By on 7-12-2012 in bankrupt companies, Bankruptcy Advice

Cities around the nation are declaring bankruptcy.  The city of Stockton is considered the largest municipality filing for bankruptcy ever.  The city of Stockton declared a chapter 9 bankruptcy procedure. A chapter 9 bankruptcy does allow cities to retain certain utilities such as police.

For more information on bankruptcies visit bankruptcyazlaw.com

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