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 […]

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 […]

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 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 […]