Michigan Bankruptcy

Stephen J. Lubben of The New York Times addresses the City of Detroit’s eligibility in a recent blog post. The long, painful process for Detroit’s bankruptcy is under way. Among the first questions to be answered is whether Detroit is even eligible to do so. Unlike corporations that file for Chapter 11 bankruptcy protection, municipalities …

From USA Today, attorney Robert M. Fishman has been appointed by bankruptcy Judge Steven Rhodes to oversee attorney fee billing in the City of Detroit’s Chapter 9 bankruptcy filing. DETROIT — In a sign of how expensive bankruptcies are, even the person responsible for preventing excessive fees in Detroit’s Chapter 9 case will be well …

The City of Detroit’s creditors filed objections to the City’s bankruptcy today as reported by the Detroit Free Press. Dozens of creditors, unions and retiree groups objected to Detroit’s eligibility to file for Chapter 9 bankruptcy, setting up a fierce legal battle today that will determine whether the city’s bankruptcy case can proceed. U.S. Bankruptcy …

The U.S. Bankruptcy Court for the Eastern District of Michigan issued Administrative Order 13-12 on August 14th. The Administrative Order removes all cases from Judge Steven Rhodes’ docket for Chapter 7, Chapter 11, Chapter 12, and Chapter 15 bankruptcy filings. The bankruptcy court’s clerk has or will reassign to the other judges located in Detroit. …

A story from Reuters today stating that a mediator has been appointed in the City of Detroit’s bankruptcy. DETROIT (Reuters) – The judge overseeing Detroit’s bankruptcy case named a federal judge, Gerald Rosen, as the judicial mediator in the city’s Chapter 9 proceedings, according to a court filing on Tuesday. Rosen would have a chance …