Bankruptcy

The Securities and Exchange Commission’s Office of Municipal Securities is weighing whether to provide legal interpretive guidance to help municipal advisors determine if they are acting as an adviser or broker-dealer when working with an issuer on a bank loan.

Michigan lawmakers joined a national debate by advancing a bill to enact a statutory first lien on local issuers’ unlimited tax general obligation bonds.

The Florida Supreme Court overturned 60 years of case law and made it harder to challenge future bond validations.

In the midst of a spate of municipal bankruptcies and a credit crisis in Puerto Rico, a report from Kroll Bond Rating Agency highlighted a divergence among the credit rating services.

Cincinnati is nearing a historic agreement to remedy its long-standing pension shortfall that sparked downgrades and years of court battles with retirees and unions.

Pennsylvania Gov. Tom Wolf has submitted a revised amended financial recovery plan for the teetering Chester Upland School District.

The Securities and Exchange Commission said Monday that it reached an undisclosed settlement with two ex-JPMorgan bankers involved in Jefferson County, Ala.’s sewer deals.

Pittsburgh’s state-appointed overseer is justified in withholding Pennsylvania gaming revenue by law, according to the agency’s executive director.

Six advocacy groups are urging two key Senate Republicans to keep Congress from providing Puerto Rico with access to Chapter 9 bankruptcy protection.

Hillview, Ky.’s largest creditor, Truck America LLC, said Thursday that the city may not be eligible for bankruptcy because the state’s law is invalid.