The Detroit Free Press Sunday printed an interesting article on Bankruptcy Judge Steven Rhodes. Most telling, was the reiteration by Judge Rhodes that the residents of Detroit deserve a better city. Here in lies the goal of bankruptcy resolution – to obtain a better standard of living by resolving debts when insolvent. If you do […]
Archives for November 2013
Profile of Companies Profiting from Detroit Bankruptcy
The Wall Street Journal’s Market Watch website has put together a slide show of companies profiting from the City of Detroit’s Bankruptcy filing. Among them are an auction house, Detroit’s bankruptcy lawyers, the bankruptcy lawyer turned emergency manager Kevyn Orr, and an global bank. Of note in the article are the large fees taken by […]
Southfield Holding Christmas Season Events
The City of Southfield, Michigan, has announced it will hold three events related to the Christmas season. The first will be a contest for young child to win a skating party. On December 2nd, the city will host a tree lighting ceremony and visits with Santa Claus at the Southfield Municipal Complex. The City of […]
Dire Predictions for Detroit if Bankruptcy Dismissed
As Detroit’s bankruptcy lawyers await the verdict in bankruptcy court for the Eastern District of Michigan, citizens of Detroit are taking notice of the restoration of city services. Bankruptcy and business lawyers commentating on the city’s bankruptcy have noted that the city will be pressed for much harder times if the bankruptcy court dismisses Detroit’s […]
Bankruptcy Lawyers Advise Detroit Eligibility Comes Down to Good Faith
Bankruptcy lawyers for the City of Detroit have made their case that the city negotiated in good faith with union heads to avoid a bankruptcy filing. Union bankruptcy lawyers have also made their case that the city did not negotiate in good faith. The bankruptcy court will now wait for brief’s from both sides of […]
