San Bernardino officials committed in bankruptcy court have an "outline" to aid in mediations with creditors by October 15. Paul Glassman, the city's bankruptcy attorney, said that "the council is fully supportive of whatever date the court sets" and that the "city got the message, so they're fully on board."
The goal of the mediation is to streamline the city's bankruptcy so that it can quickly put together a reorganization plan.
A status conference for the parties in bankruptcy was scheduled on October 2.
Source: Ryan Hagen, San Barnardino commits to bankruptcy plan 'outline' for mediation, THE SUN (Sept. 4, 2013), http://www.sbsun.com/government-and-politics/20130904/san-bernardino-commits-to-bankruptcy-plan-outline-for-mediation.
No comments:
Post a Comment