Detroit’s Bankruptcy Judge has issued a ruling stating that he cannot force the City of Detroit to not shut off water for residents. Bankruptcy lawyers for both the city and advocacy groups submitted briefs regarding the issues. The bankruptcy court ultimately decided that bankruptcy law does not allow such a ruling. Detroit’s bankruptcy judge today […]

Vox has a good article regarding Detroit’s finances leading to the city’s bankruptcy. The story shows how common rhetoric and supposition gets it wrong. Detroit, and most of its workers, much like most consumer debtors that file bankruptcy, were not living in luxury. Many times there is a stigma attached to consumer debtors who file […]

The Detroit News has a new article out discussing one very desperate Creditor spending lots of money on bankruptcy lawyers to make the City of Detroit’s bankruptcy go as roughly as possible. Syncora Guarantee Inc. is that creditor and it stands to lose the most out of the Detroit bankruptcy – estimated at $360 million. […]