Donate

Tag: bankruptcy

Berkeley’s Pacific Steel Files For Bankruptcy, Hopes to Remain Open

March 13, 2014 | 3:05 pm

Berkeley’s Pacific Steel Files For Bankruptcy, Hopes to Remain Open

Posted by

The West Berkeley firm, in operation for 80 years, hopes to avoid layoffs as it reorganizes debt.

Continue Reading

Judge Allows Stockton to Enter Bankruptcy

April 1, 2013 | 12:32 pm

Judge Allows Stockton to Enter Bankruptcy

Posted by

SACRAMENTO, Calif. (AP) — A judge accepted Stockton’s bankruptcy application on Monday, making it the most populous city in the nation to enter bankruptcy. U.S. Bankruptcy Judge Christopher Klein said the bankruptcy declaration was needed to allow the city to continue to provide basic services. “It’s apparent to me the city would not be able […]

Continue Reading

San Bernardino Joins List of Bankrupt Cities

July 11, 2012 | 10:44 am

San Bernardino Joins List of Bankrupt Cities

Posted by

SAN BERNARDINO, Calif. (AP) — As recently as last month, no city in California had opted for bankruptcy since 2008, and no U.S. city of more than 200,000 people had ever chosen bankruptcy. The past two weeks have changed all that, in a big way, as the fiscal struggles faced by so many American cities […]

Continue Reading

Stockton Wobbles Toward Bankruptcy

June 22, 2012 | 4:42 pm

Stockton Wobbles Toward Bankruptcy

Posted by

Around the world, the dominoes of debt are teetering, and one of the biggest to hit the ground may be the City of Stockton. The city is hoping against hope that mediation with its bondholders, now underway, will result in a new deal by Monday. There’s scant room for maneuver after that date because the […]

Continue Reading