Muni Bloodbath: Vallejo Offers Unsecured Creditors 5 - 20 Cent Recovery
• ZeroHedge.comUnsecured creditors will receive 5 cents to 20 cents on the dollar for their claims under a reorganization plan Vallejo, Calif., filed Tuesday in federal court.
Unsecured creditors will receive 5 cents to 20 cents on the dollar for their claims under a reorganization plan Vallejo, Calif., filed Tuesday in federal court.