ITR Concession Company files Chapter 11 Bankruptcy

itr concession company

The debt-stricken operator of the Indiana Toll Road filed for bankruptcy protection Sunday with a plan to restructure some $6 billion in debt, the latest example of a private investment in public infrastructure that failed to meet expectations. The private operators of the Indiana Toll Road declared bankruptcy Sunday, leaving the fate of the 157-mile road in the hands of a federal judge and creditors. […] Read more »

Atlantic City Casino Bankruptcies

Atlantic City Casino Bankruptcies

Atlantic City is one of the largest gambling destinations in the United States, but the prosperity of its casinos has been in decline for several years. 3 of the 12 casinos closed in the first half of 2014. Several more Atlantic City casino bankruptcies are projected, including the Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino operated by Trump Entertainment Resorts Inc. […] Read more »

Detroit Bankruptcy Decision

detroit bankruptcy decision

The biggest news in the Detroit Bankruptcy Decision over the past few years has been the troubles in the city of Detroit, Michigan. Detroit filed for bankruptcy on July 18, 2013, becoming both the largest municipal bankruptcy filing at around $20 billion and the most populated city to file for Chapter 9 bankruptcy in the United States. In the months leading up to the filing, […] Read more »