Bankruptcy

Las Vegas charity files bankruptcy 20 months after muni sale

The non-profit issued the debt through a Wisconsin agency, the Public Finance Authority, which specializes in acting as a conduit for risky debt.

Bankruptcy August 15

Bankruptcy August 15
Texas examples demonstrate distinction between bankruptcy and default

A bankrupt Texas issuer hasn't missed a bond payment, in contrast to the default of an issuer that hasn't filed.

Bond defaults Richard Williamson August 14

Bond defaults Richard Williamson August 14
After canceling nuclear project, Santee Cooper cancels rate hikes

The South Carolina agency says the rate increases are unneeded even with $7.7 billion of bonds to support.

Revenue bonds Shelly Sigo August 11

Revenue bonds Shelly Sigo August 11
Nuclear construction fiasco may spur sale of Santee Cooper utility

About $7.7 billion of debt is at stake as South Carolina's governor talks with investor-owned utilities about selling the public power agency.

Public finance Shelly Sigo August 10

Public finance Shelly Sigo August 10
Atlantic City to issue more bonds to pay tax settlements

The borrowing will pay for settlements with six casino properties.

Public finance Andrew Coen August 10

Public finance Andrew Coen August 10
Puerto Rico judge skeptical of PREPA receivership

The Puerto Rico Title III judge signaled she may reject a motion that would open the door to bondholders taking over the Puerto Rico Electric Power Authority.

PROMESA Robert Slavin August 10

PROMESA Robert Slavin August 10
Judge hands Scranton, Pa., a tax case setback

A Lackawanna County court says a state law that caps tax rates supersedes city home-rule provisions.

Tax-related court cases Paul Burton August 9

Tax-related court cases Paul Burton August 9
Collapse of South Carolina nuclear project triggers downgrades

With no asset to show for more than $4 billion of debt, Santee Cooper’s bonds were downgraded by S&P.

Public finance Shelly Sigo August 3

Public finance Shelly Sigo August 3
How South Carolina's nuclear reactor project became uneconomical

After issuing $4.2 billion of bonds to finance two new nuclear reactors, Santee Cooper said the project was no longer affordable.

Public finance Shelly Sigo August 2

Public finance Shelly Sigo August 2
Texas toll highway emerges from bankruptcy

Less than two years after filing for bankruptcy protection, the private operator of a section of SH 130 toll road near Austin has reorganized with new financing.

Bankruptcy Richard Williamson July 31

Bankruptcy Richard Williamson July 31

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