Indiana University professors have offered their take of the Detroit bankruptcy and potential sale of art work. All three professors referenced have art backgrounds, and do not offer a legal perspective, but do provide worthwhile thoughts regarding potential liquidation of assets. BLOOMINGTON, Ind. — When the city of Detroit filed for bankruptcy this year, the […]
Detroit Bankruptcy News: City Attorneys Request Stay of Proceedings Against 36th District Court
The attorneys for the City of Detroit have filed papers in the U.S. Bankruptcy Court for the Eastern District of Michigan seeking to stay any and all proceedings against 36th District Court. The attorneys seek to enforce the bankruptcy stay to apply to the 36th District Court as part of the entire City of Detroit […]
Polls Show Duggan Leading in Detroit Mayoral Race
Recent polling in the City of Detroit shows that Mike Duggan is leading at a 2-1 margin in the race for Mayor of Detroit. Although the race is far from over this is a substantial lead in the polls. With 6 weeks to go Mr. Duggan has found himself in a favorable spot on top […]
Opponents to Detroit Bankruptcy Ask Judge Rhodes for Support
Thursday was looked at as a land mark day in the United States Bankruptcy Court for the Eastern District of Michigan. Not only is the unprecedented City Bankruptcy taking place, but the Judge is allowing opponents of the filing state their case candidly as ordinary citizens. This is not business as usual in the Bankruptcy […]
Electric Car Charger Manufacturer Files for Bankruptcy
Detroit, Michigan Auto Manufacturer General Motors just took a hit on its Chevy Volt. The manufacturer of charging stations for the car has filed for bankruptcy. Most of the debt accumulated were loans from the U.S. Department of Energy, totaling nearly $100 million in grants. This sounds a death knell for the contemporary electric car. […]
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