TAHOMA, Calif. — For Vallejo, Calif., it took more than three years. Central Falls, R.I., exited after just 13 months. Jefferson County, Ala., is still knee-deep in its case after 16 months. There’s no standard timeline for a Chapter 9 bankruptcy.
Now the question is how long will it take Stockton to exit bankruptcy? And how will Stockton reorganize its debts to put the city on a path to fiscal stability? There are no answers yet, only guesses, as the city continues its slog.