More Mediation for Stockton, and Possibly Mediation for San Bernardino
No sooner did Stockton end mediation and file for bankruptcy, than Judge Christopher Klein, the bankruptcy judge overseeing Stockton’s bankruptcy ordered the city and its creditors to mediate with bankruptcy Judge Elizabeth L. Perris next month. So reported Steven Church at bloomberg.net on July 13, 2012.
Looks like San Bernardino may be next up at the plate. On July 12, 2012, Reuters reported that San Bernardino’s city council “will receive an opinion from the city’s legal staff on July 16 on whether the city needs to enter into pre-bankruptcy mediation with its creditors . . . .”
How to build and destroy a house of cards . . . .
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