Bankruptcy

Bondholder liens did not arise "solely by force of a statute," but depended on contract agreements and trust indentures and therefore don't survive bankruptcy, the court said.

The long-running financial problems of the Donald W. Wyatt Correctional Facility in Central Falls, Rhode Island, resulted in a Chapter 11 filing this month.

The Puerto Rico Oversight Board want the U.S. Appeals Court for the First Circuit to uphold a lower court's rejection of the bondholders greater than $3.7 billion claim.

Puerto Rico's debt and budget situations have improved but its political culture and economic trajectory haven't, many observers say.

The bankruptcy case of a small Washington state city can move forward, a U.S bankruptcy court judge ruled, rejecting a legal challenge by a developer.

With nearly $4.5 billion of tax-exempt bonds, a restructuring or bankruptcy would be among the muni market's largest to date.

Bond parties said U.S. District Court Judge Laura Taylor Swain's arguments against a claim were wrong on several bases.

The defendants include many of the largest municipal bond underwriters.

Senior bonds most recently traded for 30 cents on the dollar.

MBIA says it isn't responsible for what its subsidiaries did.

U.S. District Judge Laura Taylor Swain ordered the parties in the PREPA bankruptcy to focus on the bondholders' accounting counterclaim.

Judge Laura Taylor Swain is allowing the continued examination of a count in which a trustee is challenging fees, and some proceeds, of pre-bankruptcy bonds.

In this Market Intelligence analysis, Jeff Lipton warns that granting states access to Chapter 9 would be deeply disruptive, likely forcing muni yields higher and liquidity lower, while underscoring why states' legal protections and reserves still support strong willingness to pay.

Without that claim, bondholders are fighting for repayment of about $8.5 billion.

The offer was revealed in a disclosure statement and plan of reorganization in the Chapter 11 bankruptcy.

Potential buyers besides Emory University include Georgia-based health systems, other proton therapy operators and private equity firms.

Subordinate bondholders will likely be wiped out.

The cash-strapped city of Chester had been hoping the water authority sale would be its route out of bankruptcy.

The bill was introduced by a state senator whose district includes a county that is struggling to roll over a privately placed tax anticipation note.

A lawyer for the bondholders said a majority support the proposed treatment of the $61 million of outstanding bonds.