Bankruptcy

Plans to sell a bankrupt municipal bond-financed care facility to a private equity firm threaten to upend care for its frail senior residents.

It's the latest mark of distress for proton treatment centers financed with speculative-grade municipal bonds.

The continued delay in resolving the case raises constitutional concerns, a bondholder attorney said.

Wednesday marks the 10-year anniversary of Detroit's exit from bankruptcy. Its Chapter 9 declaration in 2013 was the largest municipal bankruptcy in the U.S.

Calling it a "tragedy" for residents, without a negotiated setllement resolution could be years away, mediators said.

Principal Street Partners will acquire the bankrupt firm that specialized in high-yield bonds issued for senior living facilities and charter schools.

PREPA says it is short on money and Genera's parent company has said it may go out of business.

After losing its first appeal, the Puerto Rico Oversight Board initiated a second appeal with the First Circuit Court of Appeals.

A bankrupt city's only asset is mired in its history of corruption and a statewide fight over utilities privatization.

The county achieved its many goals through long-running discipline, planning, and intelligent risk taking.