( CNN ) -- Stockton will file for bankruptcy by Sunday . The city is in the process of selling off its assets and laying off employees, but it has not yet filed for Chapter 9 protection from creditors or taken any other steps to prepare itself for a possible The city says it will continue to pay employees , vendors and service providers .
Stockton will file for bankruptcy by Sunday . The city is in the process of selling off its assets and laying off employees, but it has not yet filed for Chapter 9 protection from creditors or taken any other steps to prepare itself for a possible The city says it will continue to pay employees , vendors and service providers .