Detroit Bankruptcy

The Detroit News has a new article out discussing one very desperate Creditor spending lots of money on bankruptcy lawyers to make the City of Detroit’s bankruptcy go as roughly as possible. Syncora Guarantee Inc. is that creditor and it stands to lose the most out of the Detroit bankruptcy – estimated at $360 million. …

Kevyn Orr, a former bankruptcy attorney and Detroit’s current emergency manager, is anticipated to stay on board with the city after his term as emergency manager is ended in September 2014. Both the Mayor and the City Counsel President have expressed their willingness to keep the former bankruptcy lawyer as a member of the city’s …