Monthly Archives: July 2012

Stockton Filing Biggest Chapter 9 Bankruptcy Ever

The inland port city of Stockton, California, located east of San Francisco and Berkeley, is filing for Chapter 9 protection under the U.S. Bankruptcy Code. With a population of 292,000, this makes Stockton the largest city to file for bankruptcy in U.S. history. Mayor Ann Johnston’s city is insolvent; its general fund is in crisis. This is the aftermath of huge investments beginning in the 1990s to revitalize downtown, of an imploded housing market, and of a collapsed [...]

By |2012-07-02T10:02:49+00:00July 2nd, 2012|Categories: Uncategorized|Comments Off on Stockton Filing Biggest Chapter 9 Bankruptcy Ever

Emergency Filings in the AZ Bankruptcy Newsletter, July 2012

We have some timely and interesting articles for you in this month’s Arizona Bankruptcy Newsletter, July 2012. Here is a sampling of what is inside the July issue: Emergency Bankruptcy Filings Have Their Place Filing an emergency bankruptcy can shield the debtor from hounding creditors. By initiating this “skeletal” bankruptcy, the debtor gets immediate relief under the automatic stay. Read how an emergency filing could help you put a stop to foreclosure, garnishment, repossession, and creditor lawsuits. Arizona [...]

By |2012-07-01T01:00:53+00:00July 1st, 2012|Categories: Uncategorized|Comments Off on Emergency Filings in the AZ Bankruptcy Newsletter, July 2012