Detroit Bankruptcy

In an unexpected decision, the United States Bankruptcy Court ruled it will review bankruptcy lawyer billings for two of Detroit’s major creditors – the Police and Fire Retirement System and the General Retirement System. The court made its decision finding that since the bankruptcy debtor, the City of Detroit, funds those pension plans, the city …

The bankruptcy court may enter a plan end date for the Detroit Bankruptcy. Bankruptcy attorneys for Detroit and its creditors bankruptcy attorneys will attend a hearing today to update the court regarding their current negotiations and resolution of outstanding issues to the bankruptcy. If all reports back to the court signal that the bankruptcy lawyers …

The bankruptcy court for the Eastern District of Michigan, Detroit Division, will hold a status hearing today to discuss to address any outstanding issues with the city of Detroit’s bankruptcy filing. On this past Friday, the court issued a ruling, at a hearing with bankruptcy lawyers for interested parties, stating that it would allow Detroit …

The City of Detroit’s Chapter 9 bankruptcy should have a final determination made by the Bankruptcy Court for Eastern District of Michigan by the 7th of November. Bankruptcy attorneys and bankruptcy creditors have already made their final arguments to the court. The Court advised bankruptcy lawyers that he will have a final ruling on Detroit’s …