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January 20, 2011

Bankrupt Vallejo May Repay Its Creditors as Little as 5 Percent of Claims

"The city of Vallejo, California, proposed paying some creditors as little as 5 percent of what they are owed, making it the first general municipality that would fail to fully repay its debts in bankruptcy."

Read more here.

January 20, 2011 in Current Affairs | Permalink

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