Michigan Bankruptcy News Feed

Bankruptcy Attorneys Oversee Customer List Sale in RadioShack Bankruptcy

Bankruptcy attorneys for corporation RadioShack have overseen the sale of customer list including personal information. The hudge fund that was the high bidder also purchased a large number of RadioShack stores and inventory. The bankruptcy attorneys and the court conducted the sale of assets in order to repay RadioShack’s creditors. Personal bankruptcy may also involve …

The Wall Street Journal Debates Student Loan Discharge in Bankruptcy

The Wall Street Journal published two blogs today which debated the merits of amending the bankruptcy code to discharge student loan debt. One of the blogs called for reform of the cost of higher education rather than addressing dischargeability under the bankruptcy code. While the article was well intentioned, it failed to hit on the …

GM Still Disputing Pre-Bankruptcy Claims

Detroit auto maker General Motors is back in bankruptcy court. Its bankruptcy lawyers are disputing claims that arose prior to the company’s 2009 bankruptcy filing. The complaint is by car owners who suffered loss of value in their cars due to General Motors cover up of many issues with those cars. The issues for bankruptcy …

Municipal Bankruptcies May Reveal Issue Wider Spending Issues

The President of the New York Federal Reserve recently gave commentary that the municipal bankruptcy of Detroit, along with Stockton’s bankruptcy, may foreshadow more widespread problems in municipal governments across the country that are not reflected by bond ratings. Bond ratings are similar to consumer FICO scores in that many investors heavily rely on them …

Mass Property Tax Foreclosure, But Bankruptcy Can Prevent Losing Property

Wayne County, Michigan, has proceeded with another mass foreclosure on homeowners who have failed to pay delinquent property taxes. If you or someone you know has a pending foreclosure, it is not too late to file bankruptcy to stop the foreclosure. An experienced bankruptcy lawyer can walk you through the process of saving your home …

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