The attorneys for the City of Detroit have filed papers in the U.S. Bankruptcy Court for the Eastern District of Michigan seeking to stay any and all proceedings against 36th District Court. The attorneys seek to enforce the bankruptcy stay to apply to the 36th District Court as part of the entire City of Detroit […]
Electric Car Charger Manufacturer Files for Bankruptcy
Detroit, Michigan Auto Manufacturer General Motors just took a hit on its Chevy Volt. The manufacturer of charging stations for the car has filed for bankruptcy. Most of the debt accumulated were loans from the U.S. Department of Energy, totaling nearly $100 million in grants. This sounds a death knell for the contemporary electric car. […]
Detroit Bankruptcy News: Detroit Residents Voice Opinion on Bankruptcy
Detroit, Michigan – U.S. Bankruptcy Court Judge Steven Rhodes will soon have to make a decision on the City of Detroit’s eligibility to stay in Chapter 9 bankruptcy. He heard from City residents opposing the bankruptcy today. Reporters at the hearing noted that most objections came in one of two categories. The first opposed the […]
Detroit Bankruptcy News: Creditors Launch Bankrutpcy Case Talks
Hopefully for the City of Detroit, this process will speed up: Detroit — The city and dozens of creditors launched negotiations Tuesday in hopes of striking deals that could speed the Detroit bankruptcy case. Emergency Manager Kevyn Orr and about 90 lawyers representing city pension funds, unions, retirees, the state and bondholders attended the first […]
Detroit Rebounding Despite Bankruptcy Says Christian Science Monitor
The Christian Science Monitor has an interesting piece on Detroit’s revival during the city government’s bankruptcy. The national coverage of Detroit’s recent bankruptcy filing reminds me of 1967, when rebellion erupted in the city after police raided an illegal after-hours bar. It was one of the worst of the riots that roiled the country during […]
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