Bankruptcy

Atlantic City officials are gearing up to fight a possible state takeover after New Jersey rejected the city’s five-year fiscal recovery plan.

The developers of the All Aboard Florida intercity passenger train project unveiled a new financing strategy in court documents saying that it is designed to moot two pending federal lawsuits nearing conclusion in Washington, D.C.

New Jersey has rejected Atlantic City's proposed financial recovery plan, setting the stage for a possible state takeover and raising more doubts about the junk-rated city's ability to service its bond debt.

A federal appellate panel dealt a setback Monday to the proposed merger of two Illinois based systems -- Advocate Health Care and NorthShore University HealthSystem.

The Oklahoma Supreme Court’s approval of changes in the state’s public pension plan is a positive credit factor for the state, according to Moody’s Investors Service. The Sooner State still faces a possible downgrade of its Aa2 rating.

Two federal judges who helped navigate Detroit’s historic bankruptcy will join a Miller, Canfield, Paddock and Stone principal to launch a downtown Detroit office of Judicial Arbitration and Mediation Services.

Two decisions in recent days pave the way forward for lawsuits against the state of Michigan and its officials over Flint’s water contamination crisis.

An Atlantic City default may be imminent if New Jersey rejects the city's five-year rescue plan next week, according to Moody's Investors Service.

Indian River and Martin counties filed motions for summary judgments requesting a federal judge block the $1.75 billion private activity bond allocation for All Aboard Florida’s Brightline passenger train project.

Construction delays and related payment risks on an Indiana public-private partnership highway project prompted Fitch Ratings to drop bonds issued for the project three notches to B.