Reuters discusses the constitutionality of the City of Detroit’s bankruptcy filing. Public labor unions took aim at Detroit’s historic bankruptcy filing on Monday, asking a U.S. court to toss the city’s bid for protection from its creditors because it is constitutionally flawed on both the state and federal levels. A union that represents public-sector workers […]
Small Business Contest
This is a great contest that helps encourage new small businesses in southeast Michigan. “The third annual Hatch Detroit contest is now upon us. Launched in 2011, Hatch is a small business competition in which 10 semifinalists are juried in based on the strength of their applications (including a business plan) and how their proposed […]
State Equalized Values
State Equalized Values on properties in the Metro Detroit Area are now starting to go up for the first time in years. The SEV on a home is generally the way a Trustee in a Chapter 7 Bankruptcy case determines the value of a home. Although you would think this would be good for property values in […]
City of Detroit Files for Chapter 9
Well, it finally came down to it. The city of Detroit filed for bankruptcy protection under a massive amount of debt. It seems as if the emergency manager just wasn’t able to accomplish what he sought out to do. Take a minute to read the article below. The real question is how will this effect […]
Low Income Heating Assistance
Gov. Snyder signs bill creating $50 million low-income heating assistance fund. “LANSING — The Michigan Public Service Commission could act as soon as its next meeting on July 11 to order electric utilities to add a $1-a-month surcharge to all electric bills to create a low-income heating assistance fund. The action can come after Gov. […]
