Stockton, California Bankruptcy
Stockton, California is a city that has been hit hard by economic downturns. In 2012, Stockton became the largest city in the United States to declare bankruptcy. The city of 300,000 inhabitants had accumulated a debt of $26 million due to mismanagement and overspending in previous years. This was compounded with huge losses in local housing prices and high unemployment rates caused by the recession.
The bankruptcy filing marks a new chapter for Stockton's troubled history. Despite its financial woes, the city has implemented strong anti-poverty initiatives that have been praised as innovative models for other cities facing similar issues. These include programs such as the Stockton Scholarship Fund and Stockton Promise which provide low-income students access to higher education opportunities and free college tuition respectively.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of the debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706