From USA Today, attorney Robert M. Fishman has been appointed by bankruptcy Judge Steven Rhodes to oversee attorney fee billing in the City of Detroit’s Chapter 9 bankruptcy filing. DETROIT — In a sign of how expensive bankruptcies are, even the person responsible for preventing excessive fees in Detroit’s Chapter 9 case will be well […]
Detroit Bankruptcy News: Creditors File Objections to City’s Filing
The City of Detroit’s creditors filed objections to the City’s bankruptcy today as reported by the Detroit Free Press. Dozens of creditors, unions and retiree groups objected to Detroit’s eligibility to file for Chapter 9 bankruptcy, setting up a fierce legal battle today that will determine whether the city’s bankruptcy case can proceed. U.S. Bankruptcy […]
Detroit Bankruptcy News: Bankruptcy Judge Reassigns Cases to Free Docket for City’s Bankruptcy
The U.S. Bankruptcy Court for the Eastern District of Michigan issued Administrative Order 13-12 on August 14th. The Administrative Order removes all cases from Judge Steven Rhodes’ docket for Chapter 7, Chapter 11, Chapter 12, and Chapter 15 bankruptcy filings. The bankruptcy court’s clerk has or will reassign to the other judges located in Detroit. […]
Student Loans are Dischargeable if Not for Qualified Educational Expenses
Interesting blog on The Huffington Post today. While most student loans are dischargeable in bankruptcy, certain loans that do not suffice as qualified educational expenses will be discharged in a bankruptcy. This does not apply to most bankruptcy debtors, but will for a few. I did lookup information on the Radio1 Broadcast School and from […]
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 […]
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