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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."
January 20, 2011 in Current Affairs | Permalink
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