STOCKTON, CA — After nearly four years of addressing financial issues, the city of Stockton’s bankruptcy woes are over.
The final creditor holdout, Franklin Investments, decided to let Monday’s deadline for an appeal of the bankruptcy decision pass without filing. That means there is no further worry that the bankruptcy plan approved last year will unravel because Franklin thought it was unfair.
Franklin had lost an earlier appeal, too. This would have been an appeal of that decision.