Judge Steven Rhodes of the Eastern District of Michigan Bankruptcy Court, Detroit Division, is reviewing the proposal to pay off the City of Detroit’s bankruptcy Creditors. The plan was submitted by the city’s bankruptcy lawyers. The Bankruptcy Court in Detroit was closed on Monday, January 6th, and Tuesday, January 7th. The court is set to […]
Court Allows Bankruptcy Lawyers Immediate Eligibility Appeal in Detroit Filing
Bankruptcy lawyers for both the City of Detroit and its creditors will have to make quick work as bankruptcy Judge Steven Rhodes has ordered that his ruling regarding Detroit’s eligibility may be immediately appealed. The Judge has yet to decide on whether or not to recommend a fast track for the U.S. 6th Circuit Court […]
The New York Times Looks at Lawyer Kevyn Orr Who Leads Detroit Through Bankrutpcy
The New York Times published an article this Sunday regarding lawyer Kevyn Orr, the City of Detroit’s Emergency Manager, that is now leading the city through bankruptcy. The article discusses Mr. Orr’s personal and professional history. Mr. Orr worked as a bankruptcy lawyer on Chrysler’s Chapter 11 filing in 2009. The article also discusses Mr. […]
Bankruptcy Judge Rules Detroit Eligible for Bankruptcy
Bankruptcy Judge Steven Rhodes has issued an opinion declaring the City of Detroit eligible for bankruptcy protection. Bankruptcy lawyers for Detroit’s creditors are anticipated to file appeals to the decision. Lawyers from both sides will then have to bring their arguments to the U.S. District Court for the Eastern District of Michigan. Judge Rhodes address […]
Detroit Free Press Offers Insight to Bankruptcy Judge Overseeing Detroit’s Filing
The Detroit Free Press Sunday printed an interesting article on Bankruptcy Judge Steven Rhodes. Most telling, was the reiteration by Judge Rhodes that the residents of Detroit deserve a better city. Here in lies the goal of bankruptcy resolution – to obtain a better standard of living by resolving debts when insolvent. If you do […]
