BY MICHAEL A. CIBIK AMERICAN BANKRUPTCY BOARD CERTIFIED Question: Stockton, Cal. bankrupt; is Philadelphia next? Cities filing bankruptcy! Chapter 9 bankruptcy, to be exact. Stockton, Cal. set off the wave recently, joined by another half-dozen cities since. How come? Can’t pay the bills, well, duh. Which bills? How about a $900 million shortfall to Calpers, … Continue reading Understanding Bankruptcy, Mar. 9, 2018