Michigan

The Michigan legislature has held off their initial vote on contributing $195 million to the Detroit bankruptcy in order to protect the city’s assets from creditor liquidation. The bankruptcy lawyers should not worry too much as the hold is just for a single day in order to review recent changes. Michigan lawmakers are waiting a …

U.S. Bankruptcy Court Judge Steven Rhodes, of the Eastern District of Michigan, chastised the City of Detroit’s bankruptcy lawyers for releasing confidential material related to negotiations with the city’s creditors. The bankruptcy lawyers advised the court that they do have staff that reviews every document that is submitted in the bankruptcy filing, but the staff …

The Detroit bankruptcy Plan is nearing its home stretch and the bankruptcy court is now intent on insuring the city follows the Plan post-bankruptcy. The bankruptcy judge overseeing the case has asked for assurances from the elected officials – Detroit’s mayor and city counsel – that they will follow the Plan to provide better services …