Bankruptcy

Detroit emergency manager Kevyn Orr made his first court appearance late Friday to testify in the city’s Chapter 9 bankruptcy trial.

Jefferson County, Ala., said additional negotiations will be necessary with major creditors of the county’s debt-laden sewer system.

A Minnesota city and investors holding $26.4 million of defaulted revenue bonds for a broadband network have a settlement agreement.

Tampa Bay Water, a regional supplier on Florida's mid-west coast, will pay more than $20.6 million to the engineering firm it sued over alleged design flaws in a reservoir.

A federal court in New York delayed the sentencing of former UBS Banker Mark Zaino to Dec. 12 for his role in rigging municipal bond contracts.

Bond insurers fought Detroit's restructuring proposal ahead of its bankruptcy filing in part because they did not want to set a precedent for other cities, said the city's investment banker Ken Buckfire.

In its first bond sale since 2006, the once bankrupt city of Vallejo, Calif. is planning to offer $19 million of water revenue refunding bonds next week.

The California Public Employees' Retirement System has filed documents appealing San Bernardino, Calif.'s eligibility to be in chapter 9 bankruptcy.

Michigan Gov. Rick Snyder will take the stand as soon as Monday to testify in Detroit's historic bankruptcy case.

Delays to pivotal transactions in the Harrisburg Strong plan could force Pennsylvania’s capital city to miss payroll as soon as December, an attorney told the City Council.

Detroit enters the most critical stage of its historic bankruptcy case Wednesday as the trial begins to determine the city's eligibility to enter into Chapter 9 protection.

The Illinois Supreme Court last week overturned the state's two-year-old internet tax finding it violated federal law.

The Detroit City Council Monday unanimously rejected a debtor in possession loan, a move that doesn’t kill the deal but does delay it.

The restructuring plan proposed by bankrupt Jefferson County, Ala., is novel in public finance, and other defaulted issuers are using it, according to Moody's.

Promoters of a $500 million bond proposal to add storm shelters to Oklahoma schools last week asked the state Supreme Court to throw out changes to the ballot question made by state attorney general Scott Pruitt.

The federal bankruptcy judge presiding over Jefferson County, Ala.'s Chapter 9 case tossed out billions in claims sought in two major suits.

The California Public Employees' Retirement System plans to appeal the bankruptcy court ruling declaring San Bernardino eligible to be in Chapter 9 bankruptcy.

Jefferson County, Ala., commissioners threatened to back out of a sewer warrant refunding critical to exiting bankruptcy without new haircuts from creditors.

The Detroit City Council is expected to vote Friday or Monday on a $350 million debtor-in-possession financing the city wants to use to pay off its interest-rate swaps.

The U.S. Supreme Court refused to hear California Gov. Jerry Brown's appeal of a lower court ruling that the state cut its prison population by 9,600 prisoners.