Bankruptcy

FirstEnergy Corp. has reached a settlement with bond holders of pollution control notes issued by its bankrupt subsidiary FirstEnergy Solutions.

The bankruptcy process could take 18 to 36 months to sort out, one municipal analyst said.

Some of the legal precedents potentially being set in Puerto Rico erode the expectations and good order of the municipal bond marketplace that finances the activities of states and municipal instrumentalities nationwide.

Lombard's failure to honor its appropriation pledge cost bondholders dearly in a hotel project bankruptcy.

An electric cooperative’s cross claim could upend the South Carolina Public Service Authority’s ability to collect nuclear-related costs.

Lombard Public Facilities Corporation creditors will receive $142 million of new bonds in exchange for $190 million of outstanding debt.

Creditors have until May 29 to file a proof of claim, though most bondholders won't have to respond because the judge is allowing trustees to file a "master proof of claim."

The plan calls for up to $55 million of borrowing to fund 2015 state health and pension benefits.

The Iron County Hospital District in Pilot Knob, Missouri, filed for protection from its creditors Wednesday.

PREPA says a widespread shutdown of electricity on Wednesday is inevitable without a major cash infusion.

New Jersey Gov. Phil Murphy appointed his primary opponent to lead a review of the state’s intervention efforts.

As payback for a failed nuclear reactor project, state lawmakers could stop the South Carolina Public Service Authority from raising rates.

Efforts to push Lombard Public Facilities Corp. out of Chapter 11 were recently dropped, easing obstacles to its restructuring.

Rural hospitals face financial challenges from shrinking populations and cuts to federal funding

Municipal bankruptcy expert James Spiotto said courts have ordered that special revenue bonds be paid in midst of bankruptcy.

Laura Taylor Swain ruled that holding a lien isn't enough at this time to require ordering bond payments be made.

Legal experts and county officials believe the online retail giant wasn’t swayed by the Alabama county’s Chapter 9 case or its ongoing appeal.

Bankruptcy attorneys who work with local governments on project financing are paying attention.

The nonprofit rail company responsible for one of the largest defaults may sell bonds for an extension.

Georgia regulators said the private and public power owners can move forward with the Plant Vogtle project.