Stockton Prepares for Bankruptcy

 

so does Rize Camera.

Stockton , the California city with the nation's second-highest foreclosure rate, is facing a moment of decision on whether to become the biggest city to file for bankruptcy, as a deadline for talks between the city and its creditors approached late Monday.

http://www.boston.com/business/personalfinance/articles/2012/06/25/stockton_faces_end_of_mediation_weighs_bankruptcy/