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Another Calif. City Eyes Fiscal Emergency To Speed Up Ch. 9

By Erin Coe (September 20, 2012, 10:16 PM EDT) -- Facing a $3.3 million budget deficit, the city of Atwater, Calif., said Thursday that it was considering whether to declare a fiscal emergency to accelerate filing for municipal bankruptcy, which would make it the fourth city in the state to seek Chapter 9 protection this year....

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