NOT FOR REPRINT
Page Printed from: treasuryandrisk.com/author/profile/steven-church-bloomberg
Sign In To follow
Bankruptcies have hit manufacturers hard.
Judge suspended bondholders' cases while company goes through bankruptcy reorganization.
Pension plan will be fully repaid, while some bond investors will receive as little as 1 percent of what they're owed.
Biggest LBO ever ran aground after a wave of deregulation.
Detroit requests approval for new settlement to get out of swaps contracts originally designed to protect pension fund against rising interest rates.
Alabama ruling could apply to any municipal bankruptcy with debt being paid by pledged revenues such as parking fees or water and sewer charges.