Reuters: Bankruptcy News: Bankrupt California city to unveil debt adjustment plan Friday

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Bankrupt California city to unveil debt adjustment plan Friday Sep 24th 2013, 20:38 SACRAMENTO, Calif., Sept 24 | Tue Sep 24, 2013 4:38pm EDT SACRAMENTO, Calif., Sept 24 (Reuters) - The bankrupt city of Stockton, California will announce its plan on Friday for adjusting its debts and the city council will review it next week, a lawyer for the city told Reuters on Tuesday. Attorney Marc Levinson also said the plan could be filed with the U.S. Bankruptcy Court in Sacramento in October if Stockton's city council approves it quickly.

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