Bankruptcy

California State Controller John Chiang agreed to a forensic audit of Cudahy, Calif. after receiving several letters from the mayor requesting it.

The Stockton City Council will hold a public forum to discuss the search for the next city manager to lead the bankrupt city.

The Miami-Dade County Commission wants the Justice department to dismiss its antitrust suit to block the merger of US Airways and American Airlines.

Fitch Ratings has upgraded the ratings on $250 million of water revenue bonds issued by the Stockton Public Financing Authority, despite ongoing concerns surrounding the city's bankruptcy.

A California ruling favors a Mendocino County district in the lawsuit pitting Willits Unified School District against financial advisor Caldwell Winters Flores.

The emergency manager of Hamtramck, a small town surrounded entirely by Detroit, began implementing her financial plan to revive the city by firing a trio of top city employees and cutting the City Council’s pay.

Oakland County’s delay on its $350 million bond deal originally set for next week has nothing to do with Detroit, a top executive said Wednesday.

Michigan Wednesday launched a financial investigation into two more local governments in the metro Detroit region.

Detroit emergency manager Kevyn Orr and the bankrupt city's investment banker said in depositions that the need to access casino revenue drove tense negotiations with interest-rate swap counterparties.

Former El Paso County Judge Anthony Cobos pleads guilty to federal corruption charges involving selection of underwriters for $40 million county GO refunding in 2007.

Bankruptcy Judge Steven Rhodes granted Michigan's request for an expedited hearing on a motion to quash a request to depose Gov. Rick Snyder.

Detroit sent out its request for proposals soliciting debtor-in-possession financing to a targeted group of investors late last week but they will remain confidential.

A federal judge sided with American Airlines in agreeing to set a November trial date for the federal government's civil antitrust lawsuit against the airline's merger with US Airways Group.

Revenue bondholders would emerge unscathed under the proposed Harrisburg, Pa., financial recovery plan, Moody's Investors Service said Friday.

Calvin Grigsby is protesting Jefferson County, Ala.'s proposal to reject a claim for $1.63 billion in the county's bankruptcy case.

Lancaster County expects to pay $131 million for the Harrisburg, Pa., incinerator under a key component of the city's recovery plan, according to documents.

Lawyers for bankrupt Detroit and creditors opposed to its proposed interest-rate swap settlement met with a mediator Thursday as the city prepared to raise debtor-in-possession financing.

Distressed Harrisburg, Pa., reached an agreement in principle to transfer operations of the water and sewer system to the Harrisburg Authority public works agency.

A federal bankruptcy judge did not rule on American Airlines’ confirmation plan but indicated he was leaning towards such a move despite a federal antitrust lawsuit.

Rising bond interest rates further complicated an intricate Harrisburg, Pa., debt-reduction accord, said Mark Kaufman, receiver William Lynch's lead attorney.