Bankruptcy
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State Vs. Municipal Power Weighed in Chester Bankruptcy Case
A state official’s request to have authority over Chester’s administrative functions, effectively suspending the mayor and city council, is unlikely, ruled a Commonwealth judge on…
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Bloomberg: Bankruptcy Haunts Chester as Pension Fund Runs Out of Cash
Chester is looking bankruptcy in the face, especially after its police pension fund runs out of cash in a few months, writes Hadriana Lownekron for…
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Bankruptcy for Chester? Not So Fast, Says Mayor
Chester Mayor Thaddeus Kirkland disagrees with the state-appointed receiver for Chester, who talked about declaring bankruptcy for the city, writes Kathleen E. Carey for the…
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PREIT Emerges Re-energized From Bankruptcy Protection With Fresh Capital
PREIT (Pennsylvania Real Estate Investment Trust), the owner of the Springfield Mall, came out of Chapter 11 bankruptcy Friday with a deal that gives access…
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Pier 1 Imports, With Store in Springfield, to Close Permanently as Pandemic Scuttles Buyer
The pandemic has claimed another business casualty. Pier 1 Imports, with a store in Springfield, said it is permanently winding down business after it was…
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