Slow Development Puts Nebraska District Into Ch. 9

By Vince Sullivan · September 20, 2024, 6:44 PM EDT

A local development authority filed for Chapter 9 protection in Nebraska after laying out significant funds to install roads and sewer systems for a housing development that was stalled by the...

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Bankruptcy Scorecard

Summary

A local development authority filed for Chapter 9 protection in Nebraska with plans to add 15 years onto a warrant repayment schedule and support from creditors holding more than 75% of the warrants.

Case Number

24-bk-80823

Judge

Thomas L. Saladino

Venue

U.S. Bankruptcy Court for the District of Nebraska

Capital Structure

Total Liabilities:

$5.5 million

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Documents

Statement