The key substantive issues differ in the Stockton, Calif., and Central Falls, R.I., bankruptcy filings, said the Chapter 9 attorney for Central Falls.

Bankruptcy Judge Christopher Klein in Sacramento, Calif., ruled last Monday that Stockton was eligible to file under Chapter 9, setting the stage for further negotiations and proceedings to determine if, as the city has proposed, its plan of debt adjustment can provide for payment of unsecured pension obligations in full, but impair payments of unsecured bond obligations.

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