Bankruptcy Law News
5/8/2008 9:20:30 AM EST
Vallejo To Become Largest Calif. City To File For Bankruptcy
VALLEJO Calif. – (AP) Vallejo is set to become the largest California city to declare bankruptcy after leaders voted in favor of it to solve the San Francisco Bay Area suburb's spiraling budget crisis.
The city council voted unanimously Tuesday night following hours of public comment.
City Manager Joseph Tanner had advised filing for bankruptcy … Full version (available to lexis.com subscribers)
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