The bankruptcy court for the Eastern District of Michigan, Detroit Division, will hold a status hearing today to discuss to address any outstanding issues with the city of Detroit’s bankruptcy filing. On this past Friday, the court issued a ruling, at a hearing with bankruptcy lawyers for interested parties, stating that it would allow Detroit […]
Detroit Bankruptcy to Wrap Up by End of Week
The City of Detroit’s Chapter 9 bankruptcy should have a final determination made by the Bankruptcy Court for Eastern District of Michigan by the 7th of November. Bankruptcy attorneys and bankruptcy creditors have already made their final arguments to the court. The Court advised bankruptcy lawyers that he will have a final ruling on Detroit’s […]
Bankruptcy Lawyer Closes Detroit Bankruptcy Trial
A bankruptcy lawyer for the city of Detroit started closing arguments today in Detroit’s bankruptcy trial. The bankruptcy attorney must prove to the court that the bankruptcy plan, which restructures the city’s obligations, is fair for all creditors and stakeholders. The bankruptcy lawyer made a point to stress that this bankruptcy plan will leave the […]
City of Southfield, Michigan Offers Free Halloween Candy Scanning
The City of Southfield, Michigan Emergency Management Division has offered to scan Halloween candy for residents at no charge. Southfield will also have members from the Fire Prevention Bureau on hand to discuss home safety and fire prevention. They will pass out free 9 volt batteries as well for smoke alarms. The event will take […]
Detroit Bankruptcy Offers Incentive to Hold Out Bond Insurer
The City of Detroit’s bankruptcy lawyers are offering deals to the leading opponent of its bankruptcy filing. The deal involves riverfront property and an indefinite lease on parking garages to the bond insurer that continues to oppose Detroit’s bankruptcy filing. Under Chapter 7 and Chapter 13 bankruptcy, all creditors of the same class have to […]
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