Stockton Creditors Face Long Odds to End City Bankruptcy
March 22, 2013
Downey Brand Bankruptcy Attorney, Dale Ginter, comments on the City of Stockton’s bankruptcy.
Read a sample of the article below or view it online at Bloomberg News
By Steven Church for Bloomberg News
Removing Stockton, California, from federal bankruptcy protection will require that creditors such as Assured Guaranty Corp. and Franklin Resources Inc. prove the city isn’t truly insolvent, and that its leaders didn’t negotiate a potential settlement in good faith.
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