Bankruptcy

Judge dismisses bankruptcy case after Mammoth Lake, California reaches a settlement over $43 million owed to a developer, its largest creditor.

The Michigan Supreme Court may consider a lawsuit that seeks to remove the emergency manager of Detroit Public Schools after voters overturned the state’s emergency management law Nov. 6.

Assured Guaranty Corp. is asking an Iowa court to name a receiver to oversee the Xenia Rural Water District which has struggled to repay $81 million of outstanding revenue bonds insured by the company.

Standard & Poor's raised its rating on Central Falls, R.I.'s general obligation debt to BB from C. The outlook is stable.

Detroit Mayor Dave Bing and the Michigan treasurer Thursday signed a new agreement outlining 10 key reforms the city must implement over the next several weeks to access dollars from a bond-funded escrow account controlled by the state.

Harrisburg's former receiver wants a special prosecutor to probe the incinerator bond deals that left Pennsylvania's capital more than $340 million in the hole.

Assured Guaranty Municipal Corp. filed a motion seeking relief in Jefferson County, Ala.’s bankruptcy case saying the county proposed minimal sewer rate increases that may not support the outstanding $3.1 billion of debt.

Standard & Poor’s upgraded to AA from BBB bonds of the Birmingham-Jefferson Civic Center Authority, Ala. after it determined there would be no impact from Jefferson County’s bankruptcy filing.

A week after voters overturned Michigan's controversial emergency management law, two of the state's six emergency managers are planning their exits and officials say the repeal could set the stage for the state's first municipal bankruptcy.

The small Mendocino Coast Health Care District in Northern California has filed for Chapter 9 bankruptcy protection.

Election results are being challenged in Richland County, S.C., where voters apparently approved a $450 million bond authorization.

An "ad hoc" group holding $676 million of Jefferson County, Ala.'s sewer warrants says the bankrupt county has failed to propose reasonable sewer rate increases that protect their holdings.

Just two weeks after receiving clearance from the state Supreme Court, Minnesota hits the market Wednesday with its $654 million tobacco refunding that marks its first formal use of an appropriation pledge.

A judge on Friday granted Highmark's motion for a preliminary injunction against West Penn Allegheny Health System, blocking the speculative-rated health system from seeking other suitors for an affiliation.

Moody's withdrew its rating on Compton, Calif., sewer enterprise bonds citing a lack of reliable, timely financial information.

A federal judge will sentence David Dodd on felony counts related to the failed Capitol View Commerce Center project in Harrisburg, Pa.

Jefferson County, Ala., commissioners approved new sewer rates that have already drawn protests from many quarters.

Voters Tuesday repealed Michigan's controversial new law for fiscally stressed local governments, a move that Gov. Rick Snyder warned could lead to some municipalities declaring bankruptcy.

The auction last month of assets from the half-built Mamtek US Inc. artificial sweetener plant in Moberly, Missouri raised about $1.8 million.

San Bernardino was granted extra time by a U.S. bankruptcy judge to make its case for bankruptcy at a hearing held Monday.