The Town of Mammoth Lakes, Calif., said on Thursday that it is not going to ask the court to rule on the eligibility of its chapter 9 bankruptcy filing, which will eventually result in the dismissal of the town's case, Dow Jones DBR Small Cap reported today. It is looking, however, for the court to delay scheduled hearings, which keeps the case pending, as the town finishes negotiations with creditors. The announcement in court documents comes one month after the town said that it had reached a tentative deal with its main creditor, Mammoth Lakes Land Acquisition LLC.
