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Avoid municipal bonds and flee insolvent cities
‘California here we come!’ In June 2012, Stockton, an agricultural community about 85 miles east of San Francisco became the largest city in the United States to file for bankruptcy protection as it...
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Stockton, CA declares bankruptcy in order to stiff bondholders
On Monday April 1, 2013 federal bankruptcy judge, Christopher Klein allowed Stockton, California to proceed with Chapter 9 bankruptcy. The profligate San Joaquin Valley city of 300,000 is the largest...
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