Bankruptcy

Former Stockton Mayor Anthony Silva, who occupied city hall during much of the city’s bankruptcy, was arrested at San Francisco International Airport Sunday and stands accused of embezzling money from a nonprofit children’s organization.

A flurry of filings are due over the next month as Chicago Public Schools seeks a ruling by May 1 on its request to block the distribution of state funding under current formulas.

Eight Scranton taxpayers have filed a mandamus suit against the city, saying it has been collecting taxes above the legal limit Pennsylvania has established.

Amid a two-year budget shortfall of nearly $800 million, Kansas lawmakers must increase funding for public schools, the state Supreme Court ruled Thursday.

Atlantic City’s $72 million tax settlement with the Borgata Hotel Casino & Spa is a credit positive for the distressed gambling hub that produced “considerable” savings, according to Moody’s Investors Service.

Bond insurer ACA Financial Guaranty Corp. has gone to federal court seeking the keys to Buena Vista, Virginia’s city hall and compensatory damages after the city defaulted on ACA-wrapped debt that financed a golf course.

A struggling Indiana highway public-private partnership may have turned a corner.

Chicago Public Schools is warning that without state help or court intervention a $129 million shortfall may force it to end the school year early.

Credit concerns are mounting over the financial stability of Toshiba Co., parent of the company building partly municipal bond-financed nuclear units in South Carolina and Georgia.

A judge in Lackawanna County, Pa., cleared distressed city Scranton to triple its local services tax.