In re City of Stockton, 2013 Bankr. LEXIS 2416 (June 12, 2013)

In re City of Stockton, 2013 Bankr. LEXIS 2416 (June 12, 2013)

Collier on Bankruptcy was cited in this recent decision:

Collier on Bankruptcy sections cited (accessible by lexis.com subscribers):

2 Collier on Bankruptcy ¶ 109.04

6 Collier on Bankruptcy ¶ 921.04

Lexis.com subscribers can view the enhanced version of In re City of Stockton.

LexisNexis Overview: Municipality was eligible for chapter 9 bankruptcy relief under 11 U.S.C.S. § 109(c) [an annotated version of this statute is available to lexis.com subscribers] since the municipality did not lack good faith in failing to negotiate with capital market creditors which refused to negotiate, the municipality was insolvent and unable to pay its debts, and the municipality proposed a plan to adjust its debts in good faith.

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