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Tue, Apr 2, 2013 -- 9:00 AM
Stockton Cleared to Enter Bankruptcy
Justin Sullivan/Getty Images
Downtown Stockton
A federal judge has ruled that Stockton is eligible for bankruptcy protection, making it the largest city in the United States to enter bankruptcy. The judge rejected claims by the city's creditors that Stockton isn't really broke and that it should have cut its pension payments instead of reneging on other debts. The judge said the question of how bankruptcy will affect Stockton's large pension obligations will be a central issue in the case going forward, and it will be closely watched by other struggling California cities. We will discuss the bankruptcy case and what it will mean for Stockton.
Host: Michael Krasny
Guests:
- Jeff Michael, director of the Business Forecasting Center at the University of the Pacific in Stockton
- Scott Smith, reporter for The Stockton Record
More info:
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Also, please note that your comments could be read on air. We may edit them for clarity or brevity, and we will use only your first name to identify you on the air.
