Bankruptcy

The Treasury Department's Antonio Weiss and Puerto Rico Gov. Alejandro Garcia Padilla will testify on Thursday before a Senate Committee on the territory's economy, debt and options that should be considered by Congress.

Pennsylvania Auditor Eugene DePasquale says the Harrisburg School District’s cafeteria is giving him heartburn, and it’s not about the food.

If enacted, Michigan's statutory lien bill will significantly improve recovery value if a municipality defaults, compared to other general creditors, including employees, Fitch Ratings says. However, it will not reduce the risk of default.

South Carolina’s Tuomey Healthcare System has negotiated a reduced settlement of $72.4 million with the Justice Department for filing 21,000 false Medicare claims.

Distribution of an $8.25 million legal settlement fund for investors in a failed Missouri sucralose plant is expected by the end of the year in a class action suit against underwriter Morgan Keegan and law firm Armstrong Teasdale.

The Florida Supreme Court affirmed the validation of $2 billion in clean energy bonds over challenges brought by banks and a former state legislator.

Puerto Rican civic, political, and business leaders from around the country met in Orlando Wednesday to rally for extending Chapter 9 bankruptcy to Puerto Rico public authorities but one speaker at the event urged caution in throwing support behind such a measure.

Buoyed by court victories challenging city and state pension reform legislation, labor is now taking aim at 2014 legislation that overhauled the Chicago Park District’s pension benefits and contributions.

Former Chicago Public Schools leader Barbara Byrd-Bennett entered a guilty plea Tuesday to one corruption count leveled against her by federal authorities for allegedly steering contracts to her former employer for promised kickbacks.

An attorney for Jefferson County, Ala., has asked an appellate court to consider the analysis of a federal judge who dismissed the final appeal in Detroit’s bankruptcy case.