The biggest part of Stockton's debt is the $900 million it owes to the California Public Employees Retirement System

Dogfight Ahead in Stockton, CA Bankruptcy

By Arnold Ahlert —— Bio and Archives--April 4, 2013

American Politics, News | Comments | Back To Full Article

On Monday, U.S. Bankruptcy Judge Christopher Klein ruled that the city of Stockton, CA, will be allowed to enter bankruptcy. Klein noted the move was necessary so that the city could continue to provide basic municipal services to its residents.

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