8.19.13

Detroit’s Bankruptcy Filing Deadline. Midnight is the deadline in Motown, by which time unions, creditors, and retirees are expected to file formal objections to Detroit’s Continue reading

8.14.13

The Cost of Municipal Bankruptcy. Financial records from Detroit indicate that financial restructuring consulting services <!–more–> could cost Detroit and the state of Michigan as much as $1 billion. Continue reading

8.5.13

This morning’s eBlog, largely excerpted from this morning’s eNews to follow, looks at four bankruptcy cases affecting hundreds of municipalities―three chapter 9’s, and one chapter 11. I should Continue reading

8.2.13

This morning’s eBlog, largely excerpted from this morning’s eNews to follow, looks at four bankruptcy cases affecting hundreds of municipalities―three chapter 9’s, and one chapter 11. I should Continue reading

8.1.13

Detroit’s Pension Blues. Detroit’s two pension funds—the General Retirement System and the Police and Fire Retirement System—experienced losses of 47% and 33% on real Continue reading