Is Stockton's Bankruptcy Win a Pyrrhic Victory?

Is Stockton's Bankruptcy Win a Pyrrhic Victory? Play

April 5 (Bloomberg Law) -- Bloomberg News bankruptcy columnist Bill Rochelle tells Bloomberg Law's Lee Pacchia that while the city of Stockton, CA has won the right to file for Chapter 9 bankruptcy, the judge overseeing the case has warned that the victory could be short lived. The city of approximately 300,000 residents is the largest municipality to file for bankruptcy.

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