Stockton Creditors Face Long Odds to End City Bankruptcy

March 22, 2013

Bloomberg News


Downey Brand Bankruptcy Attorney, Dale Ginter, comments on the City of Stockton's bankruptcy.

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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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