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. […]

Kevyn Orr, a former bankruptcy attorney and Detroit’s current emergency manager, is anticipated to stay on board with the city after his term as emergency manager is ended in September 2014. Both the Mayor and the City Counsel President have expressed their willingness to keep the former bankruptcy lawyer as a member of the city’s […]