Oct 05

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Blog Post: La Paloma Junior Lenders Say They Should Keep Recoveries

by Anonymous

The second-lien secured creditors of bankrupt power station operator La Paloma Generating Co. LLC on Wednesday urged the judge overseeing the Chapter 11 case to let them keep some recoveries they've made, arguing that an intercreditor agreement allows them to do so before the senior lenders are paid in full.
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