Mammoth Lakes Land Acquisition, the primary creditor in the chapter 9 bankruptcy case of Mammoth Lakes, Calif., accused the town on Tuesday of ignoring offers to settle the $43 million judgment in an objection to the town's request for a quick decision on its chapter 9 eligibility, Dow Jones DBR Small Cap reported today. Mammoth Lakes Land Acquisition said in court documents that on March 23 it offered the town a 30-year payment plan to which it never responded. The development group acknowledged that it refused to participate in mediation with Mammoth Lakes but only after the town refused to provide it with a settlement proposal, it said.
