Detroit

Detroit Bankruptcy Creates Uncertainty Regarding Zoo

The City of Detroit’s bankruptcy filing has brought news up regarding The Detroit Zoo. The assets comprising the Detroit Zoo are owned by the City of Detroit. However, the actual operations are performed by the Zoo, an non-profit entity onto its own. Revenue for the Zoo comes from gate receipts, philanthropy, and contributions from local …

U.S. Department of Justice Defends Constitutionality of Detroit Bankruptcy

The United States Department of Justice has appeared in the City of Detroit’s bankruptcy filing to defend the municipality’s right under the United States Constitution and Michigan Constitution to file for Chapter 9 relief under the bankruptcy code. The Department of Justice hit the nail on the head when it countered states rights arguments. The …

Detroit Pensioners Fight City’s Bankruptcy

Detroit pensioners are fighting the City’s bankruptcy attempt in order to prevent any action taken against their pension funds. Understandably distraught and fearing the loss of their livelihood, representatives for current and former City of Detroit employees have taken to oral hearings in front of bankruptcy Judge Steven Rhodes to present their case as to …

Court Holds Hearings on Detroit Bankruptcy Filing

Judge Rhodes of the U.S. Bankruptcy Court for the Eastern District of Michigan is currently holding hearings regarding the City of Detroit’s eligibility in bankruptcy. Again pension attorneys have requested the court to deny Detroit’s bankruptcy filing using the Michigan Constitution. As discussed on this website earlier this year, the federal constitution grants to the …

Detroit Bankruptcy Filing Eligibility Factors

The Detroit Division of the Eastern District of Michigan Bankruptcy Court will hold hearings on the City of Detroit’s eligibility for bankruptcy protection. The key questions revolve around the City’s insolvency. Insolvency under the bankruptcy code means that the debtor’s assets exceed its liabilities. In addition, revenue and expenditures will come into play for the …

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