Perspective
Apr. 4, 2015
Equal treatment for Chapter 9 creditors
Stockton recently emerged from bankruptcy, and one of the beleaguered city's creditors isn't happy about how it was treated. By Karol K. Denniston
The city of Stockton finally emerged from bankruptcy last month. One of the city's creditors, however, is seeking review of Stockton's confirmation order by the Bankruptcy Appellate Panel for the 9th U.S. Circuit Court of Appeals. The creditor, Franklin Templeton Investments, seeks rulings on two critically important issues: whether the Bankruptcy Court (1) erred in concluding the plan was in the best interest of creditors; and (2) p...
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