10.31.13

The Big Kahuna.  U.S. Bankruptcy Judge Meredith Jury this week rejected a request by California’s public pension agency CalPERS to appeal her August decision to grant San Bernardino municipal bankruptcy protection directly

10.30.13

Detroit on the Razor’s Edge: Day V. In the fifth day of municipal bankruptcy hearings before U.S. Bankruptcy Judge Rhodes on the Motor city’s

10.29.13

Detroit on the Razor’s Edge: Day IV. In the fourth day of municipal bankruptcy hearings before U.S. Bankruptcy Judge Rhodes on the Motor city’s eligibility for chapter 9 municipal bankruptcy, creditors cross-examined

10.28.13

Detroit on the Razor’s Edge: Day III. In the third day of municipal bankruptcy hearings before U.S. Bankruptcy Judge Rhodes on the Motor city’s eligibility for chapter 9 municipal bankruptcy, creditors cross-examined Ken Buckfire,

10.25.13

Detroit on the Razor’s Edge: Day II. In the second day of hearings before U.S. Bankruptcy Judge Rhodes on the Motor city’s eligibility for chapter 9 municipal bankruptcy, Kenneth Buckfire,

10.24.13

Let the Trial Begin. Citing a “mountain of evidence” that Detroit’s financial condition “is an awful mess,” attorneys for the Motor City opened the hearing

10.23.13

Let the Trial Begin. U.S. Bankruptcy Judge Steven Rhodes this morning opens the most critical stage so far of Detroit’s municipal bankruptcy case―to determine whether the city is eligible.

10.22.13

Motor City Gets Ready to Rumble. A final pretrial hearing in federal bankruptcy court yesterday was like an omen of the key phase of the Motor City’s trials,

10.17.13

Motor City Finances. The city of Detroit’s revenue continued to slide during its first quarter since filing for chapter 9 bankruptcy, but its cash flow improved, putting the city in a better financial position, even as it heads toward a dramatic confrontation with its creditors.

10.16.13

Threat to State and Local Credit Ratings. Fitch Ratings announced yesterday it has placed the U.S.’s AAA credit rating on negative rating watch.