Quantcast
Regional News

Attorney: Central Falls, Stockton Cases Differ

The key substantive issues differ in the Stockton, Calif., and Central Falls, R.I., bankruptcy filings, said Theodore Orson, the Chapter 9 attorney for Central Falls.

To continue reading, log in, register or subscribe below.Calendars are available to registered users of The Bond Buyer web site.
Please log in below with the credentials you established at the time of your subscription or when you set up a free trial. If you have never set up an account with The Bond Buyer, please click the "Free trial" link below to set up your account.

Already a subscriber? Log in here.

Please note you must now log in with your email address and password.

 

Comments (1)
The key issue in the Stockton case, as it was in the Central Falls case, is whether the debtor municipality (either for reasons of state law or because of prudential concerns) can treat its largest classes of creditors differently, or whether some federal fairness or parity principle will trump any local attempt to diffentiate among key creditors in a plan of debt adjustment. Central Falls was able to avoid a judicial determination of that issue by reaching agreements with the creditors it proposed to impair. Whether Stockton will be able to do so remains to be determined.
Posted by has | Thursday, April 11 2013 at 2:45PM ET
Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Upcoming Events

Already a subscriber? Log in here
Please note you must now log in with your email address and password.