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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
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The bond-financed Chicago-area hotel and conference center remains shuttered as a result of the coronavirus health crisis.July 16
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UMB claims the bonds for the Kansas hotel project are in default because the developer failed to secure a $52 million loan required by the bond indenture.July 6
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An appellate court will weigh whether a financing agreement on the Platte County IDB bonds attached more than just a moral obligation pledge.June 23
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A bankruptcy judge will be asked to sign off on the sale of BHF's Shoreline portfolio in Chicago and will hold an initial Chapter 11 hearing on another portfolio.June 19
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Some elder housing borrowers have also drawn on debt service reserves, violated covenants, or sought to restructure their bonds, said Moody's Investors Service.June 3
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Fairfield, Alabama, weighed down by fiscal problems long before the coronavirus hit, filed for bankruptcy saying it is insolvent.May 21
