In Texas, A Study In Contrast On Bondholder Defaults

There have been nine health care bankruptcies thus far in 2017, but that doesn’t mean that bondholders are necessarily out of luck. In fact, a recent Moody’s report notes that bondholders can take a haircut when bankruptcy is not declared and remain whole even under bankruptcy conditions. Dallas County Schools provide a good example of this situation.

[activistinvesting]

Dallas County Schools lose $45 million and default on bonds, but don't declare bankruptcy

Gainesville, Texas and Dallas are separated by 71.7 miles. The drive is a 1 hour and 52 minute straight shot down I-35, but they are worlds apart...