May 8, 2013 By Katy Grimes SACRAMENTO -- In 2006, a major rewrite of the federal bankruptcy law allowed for federal student loans to be dischargeable. Prior to 2006, student loans, along with taxes, were always required to be paid back in bankruptcy court. Now, Assemblyman Bob Wieckowski, D...
Posts Tagged ‘bankruptcy’Lawmaker wants president to discharge student loan debtWednesday, May 8th, 2013Jay Leno on Stockton bankruptcyWednesday, April 10th, 2013 April 10, 2013 By John Seiler Here's Jay Leno Monday night on the Stockton bankruptcy: "Stockton is so broke, the founding father now is demanding a paternity test. "Stockton is so broke, their meth labs just give out Sudafed. They can't afford to make meth. "Stockton is so broke, their 99-... Has California been saved?Monday, April 8th, 2013April 8, 2013 By Steven Greenhut SACRAMENTO -- Ever since California’s voters approved the Prop. 30 sales- and income-tax increase on the November ballot, liberal commentators have been gloating about the resurgence of the Golden State after many years of predicted doom and gloom. Their evid... Bankruptcy judge rejects CalPERS’ claim to protected statusWednesday, April 3rd, 2013 April 3, 2013 By Chris Reed As John Seiler pointed out here Tuesday, Monday's court ruling by U.S. Bankruptcy Judge Christopher Klein isn't seen as definitive. Yes, the city of Stockton can proceed with its bankruptcy filing. No, Klein doesn't yet agree with the city's plan to only short bond... Judge: Stockton can go belly upTuesday, April 2nd, 2013April 2, 2013 By John Seiler It’s official: The city of Stockton is bankrupt. On April 1, U.S. Bankruptcy Judge Christopher Klein ruled that Stockton's bankruptcy can proceed. "It's apparent to me the city would not be able to perform its obligations to its citizens on fundamental public saf... Reuters bests state media at covering San Bernardino’s collapseMonday, April 1st, 2013 April 1, 2013 By Chris Reed If you had to fashion a nut graph to explain why so many local California governments are in deep fiscal trouble, here's my nominee for an honest generic overview: Over the past 20 years, the city/county/district's political leaders have often acceded to union de... Stockton bankruptcy judge’s pedigree, history offer hopeWednesday, March 27th, 2013 March 27, 2013 By Chris Reed The stakes are immense in the four-day trial in Sacramento's federal bankruptcy court this week. The New York Times frames the issue well: "Wall Street is taking America’s biggest pension fund to court this week, for a long-awaited battle over who takes the loss... More CA cities should declare bankruptcyFriday, March 8th, 2013 March 8, 2013 By John Seiler Last year, three California cities declared bankruptcy: Stockton, San Bernardino and Mammoth Lakes. Atwater nearly did. Mammoth Lakes lost a lawsuit. But for the other cities -- as well as for the Vallejo bankruptcy in 2008 -- what the cities basically are sayin... Municipal Bankruptcy Can Restore Financial StabilityThursday, January 17th, 2013Jan. 17, 2013 By Todd C. Ringstad The threat of bankruptcy still haunts California. State and municipal finances have been improving, yet last year three cities filed for Chapter 9 bankruptcy: Stockton, San Bernardino and Mammoth Lakes. Around the country, Jefferson County, Ala. went belly ... Bail Calif. out the Detroit wayWednesday, December 5th, 2012Dec. 5, 2012 By Katy Grimes California overwhelmingly just voted to re-elect President Barack Obama. Shouldn't the state get a little somethin-somethin in return? Especially because California is teetering on the verge of becoming a giant Detroit. With three cities already in bankruptcy, and ... |