Marc Levinson Discusses Resumption of City of Stockton’s Bankruptcy Trial

Stockton Record | July.07.2014

Restructuring partner Marc Levinson recently spoke with the Stockton Record about the resumption of the City of Stockton’s bankruptcy trial on July 8, 2014 after more than a one-month break.

Mr. Levinson, who is the lead attorney representing the City in its restructuring, said he believes the court will first set a value for the collateral the city used to secure a loan from the one remaining creditor with which it has yet to reach a negotiated settlement.  The City will then submit a modified plan of adjustment to the court.

"The city is proceeding to prepare for confirmation of the plan," Mr. Levinson said.