Stockton, CA, Wins Court Approval of Bankruptcy Plan

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which city near San Francisco has received court approval to exit bankruptcy?
Los Angeles
San Diego
Sacramento
Stockton
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main conflict in the Stockton bankruptcy case?
Between state and federal governments
Between homeowners and banks
Between pension plans and bond investors
Between local businesses and the city council
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During Stockton's bankruptcy, what was the financial strategy regarding bond investors?
Paying them pennies on the dollar
Paying them with property
Paying them with stocks
Paying them in full
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was one of the major challenges faced by Stockton that contributed to its financial difficulties?
High unemployment rates
Thousands of foreclosures
Natural disasters
Political instability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was Stockton's plan to address its long-term debt?
Increase property taxes
Reorganize about $1 billion in long-term debt
Cut public services
Sell city assets
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