Bankruptcy

Senate Minority Leader Harry Reid, D-Nev., made a final pitch on Thursday for lawmakers to include provisions to help Puerto Rico with its debt crisis in the pending omnibus spending bill, calling it “the moral thing to do.”

Franklin Templeton, Stockton, Calif's holdout creditor, says it will not pursue further appeals of the plan that allowed the city to officially exit bankruptcy earlier this year.

House Speaker Paul Ryan, R-Wis., said on Wednesday night that he is instructing all House committees that have jurisdiction over Puerto Rico to work with commonwealth officials to come up with a “responsible solution” for their fiscal and debt crises by the end of March.

All Aboard Florida says it remains on track to offer private passenger train service in 2017 even though it was unable to issue $1.75 billion of private activity bonds amid turmoil in the high-yield market.

Assured Guaranty’s chief executive officer is blasting the Treasury Department for pushing for bankruptcy protection for Puerto Rico, claiming the effort is blowing up utility authority negotiations with creditors and bondholders, as well as hurting the territory and alarming the municipal bond market.

An Alabama court struck down a state law that would have allowed Jefferson County to return to the bond market.

Long-term pressures continue to weigh on Detroit’s recovery, a year after the city emerged from bankruptcy with a healthier balance sheet.

Stockton, Calif. has notched another legal win for its bankruptcy exit plan. That doesn’t mean the fight is over.

U.S. Bankruptcy Judge Alan C. Stout likely will determine in January if Hillview should be the first municipality in Kentucky to qualify for Chapter 9 bankruptcy.

The Republican chairs of three Senate committees that have jurisdiction over Puerto Rico and bankruptcy introduced a bill on Wednesday night that would establish an authority that could issue bonds and provide up $3 billion in resources to help Puerto Rico stabilize its budget and debt.

Moody's Investors Service upgraded three of Jefferson County, Ala.’s credits three notches to investment grade citing improved financials and the expanding local economy.

An Alabama federal judge entered judgments approving settlements in the Securities and Exchange Commission’s cases against former JPMorgan bankers Douglas MacFaddin and Charles LeCroy, who were accused of wrongdoing in the Jefferson County, Ala. sewer financings.

Key portions of a lawsuit filed by a group of Chicago retirees to block the city’s attempt to phase out their healthcare subsidies can proceed, a state court judge ruled.

California Attorney General Kamala Harris approved a management agreement for the Daughters of Charity Health System saying it would stave off bankruptcy and maintain services at the hospital chain.

With dozens of private detention facilities in operation today, battles in the courts and campaign trail could enhance or dim the outlook for detention debt in 2016.