Bankruptcy

Benton Harbor, which is under state-controlled emergency financial management by Michigan, hopes to win a $7 million loan from the state to help stabilize its finances, according to local reports.

Local prosecutors in Lee County, Ill., last week filed dozens of felony theft charges against Rita Crundwell, the former comptroller of Dixon as part of an ongoing local and federal probe into the former official, who is accused of pocketing more than $50 million in public funds to support a lavish lifestyle.

In the aftermath of the 38 Studios fiasco, a study calls for reorganizing the Rhode Island Economic Development Corp. under a new commerce secretary.

A grand jury indicted the former controller for the New Mexico Finance Authority, Gregory M. Campbell, on charges of submitting a forged audit and circulating it to bond investors.

A state court ruling overturning portions of Wisconsin's controversial law curtailing collective bargaining rights could negatively impact local governments if it stands, Moody's warned.

Public hearings on the debt structure of the Harrisburg, Pa., incinerator retrofit project have been rescheduled for Oct. 4.

Former Rhode Island Gov. Donald Carcieri took responsibility for his support of failed video game company 38 Studios but also blaming current governor Lincoln Chafee.

Harrisburg, Pa.'s mayor has requested a $6,500 increase in travel costs above what the City Council allocated her office in fiscal 2012.

Atwater, Calif., a city of more than 28,000 in Merced County in California's Central Valley, is considering declaring a fiscal emergency that would allow it to file for bankruptcy

U.S. District Judge Thomas Thrash Thursday morning granted Atlanta another 13 years to complete consent-related work on its massive sewer repair program.

Mayor Charles Moreau's resignation and guilty plea in a kickback scheme will help Central Falls, R.I., start anew after bankruptcy, but questions linger.

An auction is set for next month of the assets of the bond-financed, half-built artificial sweetener plant in Moberly, Missouri that was abandoned by its developer last year.

Fitch Rating analysts suggest three recent California bankruptcies could lead to more California cities filing for Chapter 9 bankruptcy.

The mayor of Central Falls, R.I., resigned and agreed to plead guilty to corruption charges two weeks after the city's exit from bankruptcy protection.

The Florida Supreme Court ruled that a lawsuit challenging the Legislature's education budget cuts must go forward.

The judge overseeing Jefferson County's bankruptcy case has rejected requests to set a deadline for preparing a plan of adjustment.

Victorville staff have recommended that the City Council reject the claims by Kinsell, Newcomb & De Dios for their costs in dealing with probes by the Securities and Exchange Commission and the San Bernardino County grand jury stemming from bond deals involving KND.

Alleging theft and securities fraud, local and state prosecutors in Missouri and federal regulators took aim Tuesday at the former head of the company that last year abandoned a half-built artificial sweetener plant financed with $39 million of debt backed by the city of Moberly.

A Dane County judge last week struck down portions of Wisconsin's law limiting collective bargaining rights, finding that it violated the rights of union members.

Michigan Attorney General Bill Schuette last week filed a federal lawsuit to halt a new $245 million American Indian-owned casino set to open in downtown Lansing later this year.