LOS ANGELES — The road out of bankruptcy has been long and full of obstacles, but if Stockton, Calif. can get through one more roadblock, it'll be in the home stretch.

That roadblock is the Central Valley city's last major creditor, Franklin Advisers Inc., with which it is still fighting over about $35 million of the city's lease revenue bonds.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.