Nov 06

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Blog Post: La Paloma Creditors Spar Over Ch. 11 Plan Proceeds

by Anonymous

A long-running fight over how money should be distributed from power station owner La Paloma Generating Co. LLC's confirmed Chapter 11 plan continued Monday in Delaware bankruptcy court, with first- and second-lien creditors having nearly opposite interpretations of how a prepetition intercreditor agreement affects their recoveries.
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