Bankruptcy

Gavin Newsom's filing urges the judge overseeing the utility's Chapter 11 not to approve bankruptcy exit financing commitments.

The Clearwater Cay Community Development District dismissed its Chapter 9 case and will pursue a dispute about property assessments in state court.

The agreement with wildfire victims will enable the bankrupt investor-owned utility to hit a deadline to participate in wildfire claim fund, its says.

The risk of a state takeover of the bankrupt utility, which Gov. Gavin Newsom has suggested, is not incorporated into California's rating, S&P said.

One plan would convert the investor-owned utility into a customer-owned cooperative, while local governments and agencies look at municipalizing PG&E assets.

New York’s Suffolk County Off-Track Betting Corp. is suing the operator of a video lottery terminal parlor opened to support its Chapter 9 restructuring.

The shuttered College of New Rochelle filed for Chapter 11 bankruptcy last week while it markets the Westchester County campus in an effort to pay off creditors.

The community development district filed for Chapter 9 in the face of a longstanding unwritten policy of governors refusing to approve such filings.

Managing Director, Miller Buckfire & Co.

The Clearwater Cay Community Development District’s bondholders and trustee say the required approval from the governor wasn’t obtained.

Some of the solutions contemplated to bring the investor-owned utility out of bankruptcy involve tapping the municipal bond market.

The county’s proposed general fund budget appears to display an unconscionable lack of fiscal discipline.

Opponents of the $700 million adopted budget say $2.5 million of spending choices may begin a slide back to Chapter 9.

China's recently announced suspension of U.S. agricultural imports escalated trade-related risks to U.S. agriculture, said Fitch Ratings.

The Ohio law replaces a ratepayer surcharge for renewable power with one that subsidizes two of the firm's nuclear generation facilities.

Moody’s Investors Service downgraded $492 million of bonds because of its revised criteria on special revenue debt.

Ricardo Rossello resigned after two weeks of furious protests, throwing the leadership of the U.S. commonwealth into uncertainty.

The goal of the 2018 Chapter 11 restructuring was to establish a capital structure supported by project revenues.

A bailout of FirstEnergy Solutions Ohio nuclear plans would enhance what can be paid to bondholders under the company's Chapter 11 reorganization.

Without a successful appeal, Employees Retirement System bondholders won't get their bond payments during the bankruptcy.