Law360, New York (July 28, 2011, 5:18 PM ET) -- A California bankruptcy judge on Thursday said he will approve a Chapter 9 plan filed by Vallejo, Calif., after the city resolves a final objection.
U.S. Bankruptcy Judge Michael McManus is allowing the debtor to file a second modified plan by Tuesday that would include “fairly mechanical” changes addressing the city's treatment of executory contracts and unexpired leases, according to Marc Levinson of Orrick Herrington & Sutcliffe LLP, who represents the debtor.
Once those changes — which include the assumption all of Vallejo's contracts that haven't...
Vallejo, Calif. Wins Court Approval For Ch. 9 Plan
To view the full article, take a free trial now.
