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Stockton Votes To Stop Payments to Creditors, Start Mediation

Source: Los Angeles Times | Stockton, Calif. | March 1, 2012

Stockton's City Council voted this week to stop payments to creditors and enter a mediation process. It is the first city to resort to a recently enacted California law designed to slow a municipal bankruptcy filing.

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Stockton, Calif., is Largest City to File for Bankruptcy

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