201310.09
0

Stockton, California Solidifies Its Bankruptcy Exit Plan

The struggling city of Stockton has made headway into its climb out of financial despair.  The city council has agreed to move forward with a plan that allows Stockton to adjust its outstanding debts while striking deals with its largest creditors–a number of bond insurers.  These very bond insurers were the strongest voice in opposition…

201310.02
0

Five Common Debts That Can Be Discharged in Bankruptcy

1. Credit Card Debts Credit card debt is one of the most common types of debt carried by Americans today, and it is often a primary reason for filing bankruptcy. Absent fraud, credit card debt can generally be discharged (i.e. eliminated) in bankruptcy. 2. Medical Bills Medical bills are another primary reason for filing bankruptcy…

201310.01
0

Residents and Retired City Workers Make a Plea to the U.S. Bankruptcy Court to Block Detroit’s Bid for Bankruptcy Protection

Bankruptcy is not instituted solely for individuals and businesses.  As Northern Californians know too well, there are circumstances in which cities may also file for bankruptcy.  In July 2013, Detroit filed its petition for bankruptcy—the largest municipal bankruptcy in U.S. history. When a city files for bankruptcy, the adverse effects on its citizens are sometimes…

201309.30
0

BREAKING GROUND FOR HIGH SPEED RAIL DELAYED

We previously posted about the California High Speed Rail Authority’s (“CHSRA”) intention to break ground this July, but with summer almost gone, rail officials are finally admitting it will be a “few months” before construction begins. The recent delay has been attributed to, among other things, a ruling last month from Sacramento County Judge Michael…

201305.08
0

Jury Verdict- 98% of Expert’s Opinion

DNLC is pleased to announce that on February 5, 2013 after a 10 day trial the jury reached a verdict in at 98% of the owner’s expert’s opinion of just compensation.  In the eminent domain case, filed by Sacramento Area Flood Control Agency, the expert for our client testified that the total amount of just…

201303.18
0

Meeting to be Held to Discuss Diamond Springs Parkway Project

The Sacramento Bee is reporting, on March 18, 2013, the El Dorado County’s Transportation Division will host a public meeting concerning the Diamond Springs Parkway Project. Altogether, the plans for the project call for a divided parkway connecting Missouri Flat to Highway 49. The Bee reports that completion of the first phase is scheduled for…