File - In this Feb. 29, 2012 file photo the Stockton waterfront is seen from the Waterfront Hotel in Stockton, Calif. A judge accepted the California city of Stockton's bankruptcy application on Monday April 1, 2013, making it the most populous city in the nation to enter bankruptcy. (AP Photo/Ben Margot, File)

Associated Press
File - In this Feb. 29, 2012 file photo the Stockton waterfront is seen from the Waterfront Hotel in Stockton, Calif.  A judge accepted the California city of Stockton's bankruptcy application on Monday April 1, 2013, making it the most populous city in the nation to enter bankruptcy.   (AP Photo/Ben Margot, File)
File - In this Feb. 29, 2012 file photo the Stockton waterfront is seen from the Waterfront Hotel in Stockton, Calif. A judge accepted the California city of Stockton's bankruptcy application on Monday April 1, 2013, making it the most populous city in the nation to enter bankruptcy. (AP Photo/Ben Margot, File)
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