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Board asks judge to exclude bondholders' expert testimony and reports from plan of adjustment hearing.
June 21 -
"Stakeholders believe the best solution is to utilize the bankruptcy process to run a marketing and sale process," Friendship Village of Schaumburg said in a statement.
June 13 -
Dismissal would ease approval of a the current proposed plan of adjustment.
May 17 -
The city north of Detroit says it can't afford to make good on a $24 million debt owed to the Great Lakes Water Authority and in the absence of state help has raised state-approved bankruptcy as an option.
May 5 -
The Chapter 11 filing follows defaults by nonprofit Legacy Cares on $284 million of mostly tax-exempt bonds sold through the Arizona Industrial Development Authority.
May 2 -
Analysts say the PROMESA bankruptcy law is more creditor friendly than how the judge in the PREPA case interprets it.
March 27 -
The ruling may open the way for approval of a payout to bondholders as small as 0.21%.
March 23 -
Revenue bonds sold in 2018 for the project would be paid over seven years at lower rates under the Chapter 11 exit plan for the Bridgemoor at Plano debt.
March 7 -
Complaints include assertions the plan is unconfirmable and that it fails to offer necessary information.
February 6 -
"This settlement offer allows you to settle for payment in the form of new bonds of approximately half your claims," the Puerto Rico Oversight Board said.
February 2