Bankruptcy

Crawford County, Ark., Judge John Hall said the county should know how much it will cost to build a new jail and where to build it in time for a March 2013 election.

The 131-year-old Morris Brown College in Atlanta was forced to file for Chapter 11 bankruptcy after an investor holding $13 million of bonds demanded payment, or face foreclosure.

San Bernardino officials have presented a budget plan to pay for city services while in bankruptcy that leaves debt service payments untouched.

Moody's Investors Service has expanded its review for potentially downgrading Miami to include pension obligations and health care costs in addition to pending SEC charges.

Jefferson County, Ala.'s proposed rejection of a courthouse lease could lead other municipalities in bankruptcy to reject debt-secured leases.

The North Carolina state pension fund's investment in Facebook Inc.'s IPO is raising questions. The fund joined a class-action suit alleging it was misled.

The judge overseeing Jefferson County, Ala.'s bankruptcy is being asked to stop a lawsuit filed by the city of Birmingham.

Amid a court order to raise an earned-income tax, Harrisburg, Pa'.s City Council could seek an injunction, ask for clarification or refuse and risk contempt.

The state's top court Thursday will hear oral arguments for four controversial ballot proposals that have wound their way through the state's legal system.

The fate of Minnesota's proposed tobacco refunding is in the hands of the state's high court which is being asked to decide whether the use of an appropriation pledge constitutes a "public debt" that is subject to state limits on the uses of such debt.

Michigan Gov. Rick Snyder and Attorney General Bill Schuette last week filed court papers seeking to dismiss a ballot proposal that would protect collective bargaining rights by making them part of the state constitution.

Harrisburg, Pa.'s City Council and its lawyer are discussing whether to appeal a state court ruling that requires it to double the earned income tax.

The Southern Environmental Law Center Tuesday filed a federal suit on behalf of conservation groups challenging North Carolina's $1 billion Garden Parkway toll road.

Rhode Island's Economic Development Corp., whose $75 million loan guarantee to company 38 Studios has taxpayers on the hook, took a step toward legal action.

The Commonwealth Court of Pennsylvania has granted a motion by Harrisburg, Pa.'s receiver William Lynch to force the City Council to double its earned-income tax as part of the financial recovery plan in the state capital.

In summations, federal prosecutors said former leaders of UBS Financial Services' muni division are guilty of rigging bids for muni contracts, while the defense says they are victims of malicious accusations by the actual perpetrators.

Harrisburg controller Dan Miller says the tax increase receiver William Lynch seeks in court won't rescue Pennsylvania's capital city from the financial abyss.

Central Falls, R.I., could exit Chapter 9 next week after a mere 13 months. Its quick march does not surprise the city's bankruptcy attorney, Ted Orson.

Scranton, Pa.'s City Council approved its financial recovery plan moments after landing a $6.2 million tax-anticipation notes deal from Amalgamated Bank.

An increase in Lubbock County's property tax rate will allow the West Texas county to cope with financial and political problems if President Obama is re-elected in November, Judge Tom Head said Wednesday.