The U.S. Bankruptcy Court for the Eastern District of Michigan issued Administrative Order 13-12 on August 14th. The Administrative Order removes all cases from Judge Steven Rhodes’ docket for Chapter 7, Chapter 11, Chapter 12, and Chapter 15 bankruptcy filings. The bankruptcy court’s clerk has or will reassign to the other judges located in Detroit. […]
Archives for August 2013
Student Loans are Dischargeable if Not for Qualified Educational Expenses
Interesting blog on The Huffington Post today. While most student loans are dischargeable in bankruptcy, certain loans that do not suffice as qualified educational expenses will be discharged in a bankruptcy. This does not apply to most bankruptcy debtors, but will for a few. I did lookup information on the Radio1 Broadcast School and from […]
State Equalized Values
State Equalized Values on properties in the Metro Detroit Area are now starting to go up for the first time in years. The SEV on a home is generally the way a Trustee in a Chapter 7 Bankruptcy case determines the value of a home. Although you would think this would be good for property values in […]
Detroit Bankruptcy News: Mediator Appointed In Detroit Bankruptcy Filing
A story from Reuters today stating that a mediator has been appointed in the City of Detroit’s bankruptcy. DETROIT (Reuters) – The judge overseeing Detroit’s bankruptcy case named a federal judge, Gerald Rosen, as the judicial mediator in the city’s Chapter 9 proceedings, according to a court filing on Tuesday. Rosen would have a chance […]
TimesUnion.com Argues Detroit’s Bankruptcy May Effect New York Municipalities
Timesunion.com published an article discussing the chances of bankruptcy in the State of New York after Detroit’s recent bankruptcy. In the past, New York responded by creating what are known as control boards. I know. In my first term as state assemblyman, I wrote the control board law for Yonkers. It did what control boards […]
