Motown’s Timetable to Exit Bankruptcy. U.S. Bankruptcy Judge Steven Rhodes yesterday proposed a calendar in order to help set deadlines for the largest Continue reading
Investing for Motown’s Future. Notwithstanding its fiscal distress and bankruptcy, some parts of Detroit are reviving. A key player is Dan Gilbert, the chairman of Quicken Loans Continue reading
The Might Pension Enigma. Michigan Attorney General Bill Schuette Saturday announced he will intervene in Detroit’s bankruptcy to defend the state’s Continue reading
U.S. Bankruptcy Judge Steven Rhodes yesterday froze all lawsuits against Detroit, stating: “My orders enhance the likelihood of Chapter 9 reorganization, speeds the bankruptcy Continue reading
Oyez, Oyez, Oyez. U.S. Bankruptcy Judge Steven Rhodes will hold the first hearing in the Detroit municipal bankruptcy case-the biggest municipal bankruptcy case in U.S. history Continue reading
How is a municipal bankruptcy different than a corporate bankruptcy?
The simplest answer is that in a corporate bankruptcy (chapter 11) is that the corporation immediately shuts down, the keys to all its assets Continue reading