Stockton Becomes Most Populous Bankrupt US City

by
editors
A judge has approved the California city of Stockton's bankruptcy filing, making it the most populous US city ever to enter bankruptcy protection.

 

 
 
A judge has approved the California city of Stockton's bankruptcy filing, making it the most populous US city ever to enter bankruptcy protection.
 
A federal judge said without bankruptcy protection, Stockton would be unable to provide basic government services.
 
 
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