Bankruptcy lawyers for the City of Detroit defended their fees last Friday to the U.S. Bankruptcy Court for the Eastern District of Michigan. Pension plan bankruptcy attorneys and investment bankers who consulted on the bankruptcy also appeared and defended their fees. The city’s bankruptcy attorneys used information related to other municipal restructurings to defend their […]

Bankruptcy lawyers and bankruptcy consultants for the City of Detroit and interested pension plans in the Detroit bankruptcy are required to demonstrate to the bankruptcy court of the Eastern District of Michigan, Detroit Division, that their fees are reasonable. Bankruptcy lawyers for all sides will be able to comment on each others fees and that […]

In an unexpected decision, the United States Bankruptcy Court ruled it will review bankruptcy lawyer billings for two of Detroit’s major creditors – the Police and Fire Retirement System and the General Retirement System. The court made its decision finding that since the bankruptcy debtor, the City of Detroit, funds those pension plans, the city […]

The bankruptcy court may enter a plan end date for the Detroit Bankruptcy. Bankruptcy attorneys for Detroit and its creditors bankruptcy attorneys will attend a hearing today to update the court regarding their current negotiations and resolution of outstanding issues to the bankruptcy. If all reports back to the court signal that the bankruptcy lawyers […]