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The Detroit Division of the Eastern District of Michigan Bankruptcy Court will hold hearings on the City of Detroit’s eligibility for bankruptcy protection. The key questions revolve around the City’s insolvency. Insolvency under the bankruptcy code means that the debtor’s assets exceed its liabilities. In addition, revenue and expenditures will come into play for the …

The Federal shutdown may affect some areas of the federal government, but not the court system. The U.S. Federal Courts are considered essential services that do not shut down alongside non-essentials. Bankruptcy courts, as part of the federal court system, will remain open during the government shutdown. This is good news for individuals who still …