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Stockton Bankruptcy Trial Continues

Posted May 16th, 2014 @ 6:22pm by KFBK News

The bankruptcy trial of the largest city in California to file for Chapter 9 protection continued Friday with more witnesses testifying and attorneys making closing arguments.

Connie Cochran, a spokeswoman for the city of Stockton, said that the case will resume in a Sacramento courtroom on June 4.

Stockton is asking a judge to approve a plan that would reorganize more than $900 million in long-term debt.

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