In California, Subordinate Bondholders Seeking Payment in Ritter Ranch Default

Saskal, Rich
February 2006
Bond Buyer;2/1/2006, Vol. 355 Issue 32310, p40
Trade Publication
The article focuses on the complaints of holders of junior-lien bonds issued by the Palmdale Community Facilities District 93-I in California. The developer went bankrupt that lead to the default of the bonds. The bonds were for a master-planned community with more than 7,000 homes in the district.


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