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The COVID-19 pandemic pushed the Henry Ford Village continuing care retirement community over the fiscal cliff and into a Chapter 11 filing.November 9
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TMI Trust agreed to a settlement that allows bondholders to be paid interest during the Chapter 11 case of the Roman Catholic Archdiocese of New Orleans.November 5
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The Florida Department of Transportation extended the suspension of Garcon Point Bridge toll collections because it is being used as a detour.October 30
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Toll collections on the Garcon Point Bridge have been suspended since mid-September because of Hurricane Sally, pitting the bond trustee against the state of Florida again.October 21
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The troubled south Chicago suburb hired Meristem Advisors to assist with the restructuring it agreed to in a consent decree with holders of defaulted bonds.October 15
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UMB will ask the state Supreme Court to consider its argument that Platte County is legally obligated to repay defaulted bonds issued for a shopping center.October 7
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The county has so far prevailed in legal arguments that it is not responsible for making up revenue shortfalls on shopping center bonds.September 11
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A Missouri appellate court agreed with a lower court that the county's pledge in financing agreements isn't a legally enforceable promise to make up debt service shortfallsAugust 27
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Under a court-approved consent decree, the impoverished south Chicago suburb will keep 90% of pledged tax revenues as it works on a debt restructuring.August 11
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UMB's appeal of a lower court decision siding with Platte County over its legal obligation to honor an appropriation pledge is being heard WednesdayAugust 3
