Legal Opinion
In re City of Stockton
United States Bankruptcy Court, E.D. California
Decided June 12, 2013No. 12-32118-C-9PublishedCited by 9 opinions
1Opinion of the Court
OPINION REGARDING CHAPTER 9 ORDER FOR RELIEF
CHRISTOPHER M. KLEIN, Bankruptcy Judge.
Chapter 9 is unique among voluntary Bankruptcy Code cases in that a municipality must litigate its way to the order for relief before restructuring its debt. Capital markets creditors of the City of Stockton have required the City to prove its eligibility for chapter 9 relief under 11 U.S.C. §§ 109(c) and 921(c). Such a proceeding is like a qualifying round in a competition; success leads only to the main event — the process of achieving a viable plan of adjustment. Without a confirmed plan, a municipality…
2Cases cited8 opinions
- United States v. Memphis Cotton Oil Co.Supreme Court of the United States · 1933
- United States v. HubbardCourt of Appeals for the Ninth Circuit · 1996
- International Ass'n of Firefighters, Local 1186 v. City of Vallejo (In Re City of Vallejo)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2009
- Association of Retired Employees v. City of Stockton (In re City of Stockton)United States Bankruptcy Court, E.D. California · 2012
- In Re City of BridgeportUnited States Bankruptcy Court, D. Connecticut · 1991
3 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Franklin High Yield Tax-Free Income Fund v. City of Stockton (In Re City of Stockton)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2015
- Michael Cobb v. City of StocktonCourt of Appeals for the Ninth Circuit · 2018
- In re City of DetroitUnited States Bankruptcy Court, E.D. Michigan · 2013
- In re City of DetroitUnited States Bankruptcy Court, E.D. Michigan · 2013
- City of San Bernardino, CaliforniaUnited States Bankruptcy Court, C.D. California · 2013
4 more not listed; retrieve them via the Exa API.