The Wall Street Journal’s Market Watch website has put together a slide show of companies profiting from the City of Detroit’s Bankruptcy filing. Among them are an auction house, Detroit’s bankruptcy lawyers, the bankruptcy lawyer turned emergency manager Kevyn Orr, and an global bank. Of note in the article are the large fees taken by […]
Dire Predictions for Detroit if Bankruptcy Dismissed
As Detroit’s bankruptcy lawyers await the verdict in bankruptcy court for the Eastern District of Michigan, citizens of Detroit are taking notice of the restoration of city services. Bankruptcy and business lawyers commentating on the city’s bankruptcy have noted that the city will be pressed for much harder times if the bankruptcy court dismisses Detroit’s […]
Bankruptcy Lawyers Advise Detroit Eligibility Comes Down to Good Faith
Bankruptcy lawyers for the City of Detroit have made their case that the city negotiated in good faith with union heads to avoid a bankruptcy filing. Union bankruptcy lawyers have also made their case that the city did not negotiate in good faith. The bankruptcy court will now wait for brief’s from both sides of […]
Detroit Bankruptcy Lawyers Wrap Up Eligibility Trial
On Friday, Detroit’s bankruptcy lawyers and opposing bankruptcy attorneys finished the trial to determine bankruptcy eligibility for the City of Detroit, Michigan, in the bankruptcy court for Eastern District of Michigan. Nine bankruptcy lawyers had their time to speak in front of bankruptcy Judge Steven Rhodes on the last day of the trial. Judge Rhodes […]
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