Bankruptcy

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

The Chicago suburb will sell $3.9 million of GOs in its first bond market appearance after allowing hotel project bonds to default.

S&P Global Raings dropped Verity Health System to CC.

Ten years ago, the financial avalanche that altered the municipal bond market gathered speed with the bankruptcy of Lehman Brothers.

Coalinga Regional Medical Center was felled by challenges common to many rural hospitals.

A group of ratepayers on Jefferson County, Alabama’s sewer system has asked judges to reconsider dismissal of their appeal.

Verity Health System reported about $459 million of long-term bond debt and $254 million in pension obligations on its most recent CAFR.

S&P Global Ratings raised Stockton Public Finance Authority lease-revenue bonds to BB from B-minus.

Jacksonville-based JEA wants the Municipal Electric Authority of Georgia to vote against continuing the project.

The appellate court's order favoring the county comes almost five years after its exit from Chapter 9.

The comprehensive new law modernizes bond statutes on the books since the 1980s.

The co-owners of the Plant Vogtle project face higher-than-expected costs to complete the reactors, prompting them to vote on whether to continue.

The U.S. Territorial Relief Act of 2018 would give territories the option to terminate their debt obligations while authorizing $7.5 billion in federal funds to compensate mainland creditors who are individual investors, trade unions, pension plans, and open-end mutual funds.

State-owned Santee Cooper is battling cross claims by electric cooperatives that buy power from the agency in a suit over its shelved twin reactor project.

Trustee UMB bank claimed the bond counsel's negligence prevented bondholders from achieving adequate recovery in bankruptcy.

The Nacogdoches County Hospital District took a nine-notch downgrade as it prepares to file for bankruptcy.

States and localities can’t continue to postpone resolving their pension problems or they will crowd out essential services and infrastructure and lose population, Chapman Strategic Advisors managing director James Spiotto says in a paper to be delivered in Washington on Tuesday.

State-owned Santee Cooper wants the high court to affirm its authority to set rates and pay off bonds that financed its scrubbed nuclear reactor project.

State-owned utility Santee Cooper received two subpoenas that appear to focus on a secret assessment report about the foundering project.

The $139 million refunding saved Alabama’s most populous county $12.35 million in debt-service costs.