City Manager news
|Stockton Exiting Bankruptcy Effective February 25||Department: City Manager|
The City of Stockton announced that it will officially exit bankruptcy, effective, February 25, 2015. While Judge Christopher M. Klein, of the U.S. Bankruptcy Court stated on October 30, 2014, that Stockton’s Plan of Adjustment (bankruptcy exit plan) was confirmable, he prepared an extensive opinion to support his decision and signed the Confirmation Order on February 4, 2015, paving the way for the City to make the final preparations for exiting bankruptcy.
For more information, please see a copy of the Full News Release using the link provided below.