Bankruptcy

KPC Group has agreed to be a stalking horse bidder for Verity Health System's remaining four hospitals.

California’s largest utility owner faces $30 billion in potential wildfire liabilities, and its bankruptcy plan has reverberated across the power industry.

Rating agencies don't expect major impacts to state and local governments from the troubled California utility's pending bankruptcy.

Two recent cases saw bondholders take a hit because their liens were not considered to be perfected.

A bankruptcy judge still has to review the sales agreement between Verity Health System and Santa Clara County.

The county, through a conduit issuer, will price $198.2 million in lease revenue bonds for its new civic center.

Puerto Rico credit unions say that the disclosure fails to provide concrete numbers on how bonds will be restructured.

Those involved with financing such entities need to go beyond labels, and fully understand the facts that impact eligibility.

An appellate court denied a request to reconsider an August ruling that effectively ended a long-running appeal of the county's Chapter 9 case.

The pace of recovery varies widely, and many local government budgets are in worse shape than before the 2008 financial crisis.