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.

  • On Air Now

    Money Clip Watch Now

  • Next

    Charlie Rose

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus