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A bankruptcy judge will be asked to sign off on the sale of BHF's Shoreline portfolio in Chicago and will hold an initial Chapter 11 hearing on another portfolio.June 19
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The chapter had financial difficulty before the pandemic and wanted to refinance its debt.June 4
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California Public Utilities Commission approval is one hurdle for PG&E, which must exit bankruptcy by June 30 to qualify for a $21 billion bond fund.May 29
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Fairfield, Alabama, weighed down by fiscal problems long before the coronavirus hit, filed for bankruptcy saying it is insolvent.May 21
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Developers say construction will continue on the 310-unit apartment complex in Gainesville, near the University of Florida, during the Chapter 11 process.May 13
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The Westin Lombard hotel and conference center in Chicago's suburbs dipped into debt reserves to cover operations after closing in response to the pandemic.May 11
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The court filings could directly impact about $6 billion of bonds and $15 billion more indirectly.May 1
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California's response to COVID-19 became a factor in Verity Health System's Chapter 11 proceedings.April 30
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The Center on Budget and Policy Priorities said bankruptcy “could significantly raise states’ cost of issuing bonds to pay for major transportation projects and other investments that boost the economy.”April 24
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Senate Majority Leader Mitch McConnell said Wednesday he favors allowing states struggling with high public employee pension costs amid the burdens of the pandemic response to declare bankruptcy rather than giving them a federal bailout.April 22
