Another California city opts for bankruptcy – msnbc.com

July 11, 2012 Posted By: Leave a comment
"The city needs breathing room and the bottom line is we cannot default on payments to our employees without violating the law," City Attorney James Penman told the council ahead of the contentious vote. Bankruptcy experts say the decision in San ...
Subscribe to LegalLaw247.Com Newsletter

Leave a Reply

Your email address will not be published. Required fields are marked *

*

CAPTCHA Image

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>