Wednesday, March 27, 2013

Reuters: U.S.: Ruling on Stockton eligibility for bankruptcy likely on Monday: judge

Reuters: U.S.
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Ruling on Stockton eligibility for bankruptcy likely on Monday: judge
Mar 27th 2013, 17:39

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A local newspaper headline announces bankruptcy in Stockton, California June 27, 2012. REUTERS/Kevin Bartram

A local newspaper headline announces bankruptcy in Stockton, California June 27, 2012.

Credit: Reuters/Kevin Bartram

SACRAMENTO, California | Wed Mar 27, 2013 1:39pm EDT

SACRAMENTO, California (Reuters) - The U.S. judge in the trial over Stockton, California's eligibility for Chapter 9 bankruptcy protection from its creditors said on Wednesday that the "logical" day for disclosing his ruling would be next Monday.

U.S. Bankruptcy Judge Christopher Klein said he would need more time than anticipated to make a ruling regarding the issue, which is the subject of a trial that began Monday. "I'm pretty confident I will not be in a position to make my findings by Friday," Klein said.

(Reporting by Jim Christie; Editing by Paul Simao)

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