California city bankrupt, true? or, false?

by Tree Top TT Posted 2012/06/28 04:22:03

Loading Demographics... Click an icon to see demographic results Display unknown and private
	true	55 votes	81%
	false rumor	5 votes	7%
	Undecided	8 votes	12%

More polls by Tree Top TT

Kaola 2012/06/28 05:50:46

Undecided

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ancientmath 2012/06/28 05:30:39

Undecided

+1
Chapter 7 or 11? 7 means "empty out the office, we sell it all"; 11 means "setup a plan to pay your debts" -- filing isnt final, either. What filing does do is stop the creditors in their tracks from collecting and interest charges plus they have to apper in court to get in line "if" they are owed enough. Filing is a popular stalling tactic amongst corporations to get balanced or prevent the taxes owed (fed and state) from being collected by force. Should it go to the next step of payment, the unsecured debt gets written off (screwed),but the owed ntaxes get paid first.

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Evil 1 to ancient... 2012/06/28 06:46:23

+2
Municipalities file a Chapter 9 bankruptcy. It is a regorganization as opposed to liquidation and is similar to Chapter 11, 12 and 13 bankruptcies.

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ancient... to Evil 1 2012/07/16 11:59:11

There you are. Thanks for the updated info.

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Tree To... to ancient... 2012/06/28 10:10:11

Thank you. Are you a bankruptcy lawyer?

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ancient... to Tree To... 2012/07/16 12:00:43

No, but unfortunately involved in one once and having it just recently fall off my credit reports, will never do it again.

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heirsof... to ancient... 2012/06/28 12:21:49

+1
I remember when the "Merry-Go-Round" young adult mall clothing store chain filed for Chapter 11 Bankruptcy. I used to love to go in there. They had so much cool stuff. Eventually in early 1996, despite re-organization, Merry-Go-Round was shut down anyway. :(

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Centrist_Bill 2012/06/28 05:10:15

true

+4
Yes folks it is true. The great city of Stockton is filing.

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~HopelessRomanticM17~ 2012/06/28 05:05:16

false rumor

+1
I have no idea. What California city?

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Tree To... to ~Hopele... 2012/06/28 10:12:51

? Not the sharpest tool in the shed, eh?

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~Hopele... to Tree To... 2012/06/28 19:56:58

+1
Sorry that I'm not from California and really don't give a crap about their banks? You're the one that made a ridiculous question, not me.

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Tree To... to ~Hopele... 2012/06/30 13:13:22

Err,... Like I said, definitely, not the sharpest tool in the shed!

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~Hopele... to Tree To... 2012/07/03 01:32:56

Seriously, you don't know me. Just shut up already will you? I couldn't care less about this.

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nightcrawler2005 2012/06/28 05:04:22

true

+3
Heard on the news last night. Stockton, Calif. was probably going to file bankruptcy by the end of the week.

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Stan Kapusta 2012/06/28 04:59:14

Undecided

+2
I'm not sure about the city. Bit the state wanted it's doors open for illegals and free government assistance for education. What about the sanctuary cities. Did they think money would grow like grapes in the sun. The politicians sold the people of that state out.

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Tree To... to Stan Ka... 2012/06/28 10:21:30

+2
No doubt, it's the politcians fault, But California voters put them in office, same is true, for the entire U. S. A. Who puts these idiot politicians in office? And then leaves them there? Think about it. Who's really at fault?

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Stan Ka... to Tree To... 2012/06/29 17:42:59

+1
Your right. Mr. Reflection did it. But most people don't want to say they know who he is.

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Tree To... to Stan Ka... 2012/06/30 13:21:26

Are you serious? Dems, can't think for themselves! They all have 1 ring in their nose & a 2nd ring, in their belly button & some have a 3rd ring in their ear. Just place a lead rope in the various rings, they are so stupid, they will follow you off a cliff!

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Jorge Enriquez 2012/06/28 04:43:22

false rumor

yea, where is my money?
they never lose

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Tree To... to Jorge E... 2012/06/28 10:29:35

Your money is south of the boarder, but, I can afford to give you a food stamp, medical attention, and a free education, If you have the time, you can stand, in that line over there, and I'll send you an unemployment check; That's the best I can do, I'm broke.

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Jorge E... to Tree To... 2012/06/28 16:32:20

+1
yes its ok thanks!! i will appreciatte ur help hahha, i will use for good reasons believe me....and yes ure right, but really, i dont want to cross the line, actually, im against people doing this; we can work and take care ourselve here, indeeed, but u know, people.....:D

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TuringsChild 2012/06/28 04:38:19

true

+2
As I understand it, there are only about three CA cities that are NOT headed for bankruptcy.

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Tree To... to Turings... 2012/06/28 10:31:16

+1
Really Sad!

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Tree To... to Turings... 2012/06/30 13:27:15

That many? I hope you're right; But, I doubt it!

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jubil8 BN-0 PON 2012/06/28 04:38:17

true

+1
I saw an article that quoted the Mayor of Stockton. Why are you asking if it's a rumor?

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Tree To... to jubil8 ... 2012/06/28 10:33:46

+1
Do you believe everything you read or hear? I go to SH for the facts:)

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jubil8 ... to Tree To... 2012/06/28 22:40:53

+1
Hehe. :)

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Helene 2012/06/28 04:38:16

true

+4
All of CA is bankrupt!

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Tree To... to Helene 2012/06/28 10:37:13

I hear the Californians, are moving to Texas (a state with no income tax), Is that true?

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heirsof... to Tree To... 2012/06/28 12:24:53

+1
Here in Florida we have no state income tax, and our state government is operating in the black. Perhaps California could learn a thing or two from us.

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Tree To... to heirsof... 2012/06/28 13:28:54

Oh, I'm sure they could, but, California is mostly HollyWood Liberal types, and they don't listen, they only give advice!

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Helene to Tree To... 2012/07/13 15:38:57

The difference is that the state of CA has been run by Democrats for decades. They have ruined a beautiful state.

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Tree To... to heirsof... 2012/06/28 13:43:52

+2
The difference is state leadership! Fl. has Bush & Marco, Ca. has Pelosi & Boxer.. See, the differences?

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Helene to Tree To... 2012/07/13 15:37:59

Lots are moving to TX and taking their liberal ways with them which is why they are going to Austin.

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Steve King 2012/06/28 04:37:49

true

+2
They are all broke on the Left Coast.

That Democrat economic plan is working just swimmingly.

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ancient... to Steve King 2012/06/28 05:18:20

+1
Just California. ;)

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Tree To... to ancient... 2012/06/28 10:40:02

+1
You want more? Just wait!

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Tree To... to Steve King 2012/06/28 10:39:01

+2
Yea, they got what they wanted, and voted for!

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Steve King to Tree To... 2012/06/28 10:54:44

+2
Yes, they did. Which is why I moved away from there to a state that learned how to balance their budget.

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Tree To... to Steve King 2012/06/28 13:47:06

It's a beautiful state! Sorry, you were out-numbered!

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