Detroit’s bankruptcy lawyers negotiated for a 4.5% reduction in pensions (not including fire and police) with no annual standard of living increase. In addition, some pensioners left their funds in a savings account with the City of Detroit where they received large interest and bonus payments. Detroit’s bankruptcy lawyers now argue that those interest and […]

The City of Detroit’s bankruptcy lawyers will be pleased to hear that the State of Michigan legislature has approved a bill that will send $194.8 million to the City of Detroit to help settle Detroit’s bankruptcy. The funds going from Michigan to Detroit will help insulate the state from hiring their own bankruptcy lawyers and […]

The City of Detroit’s bankruptcy lawyers have responded to the nearly 6000 objections in the city’s bankruptcy reorganization plan. Detroit’s bankruptcy lawyers drafted a 256 page response detailing responses to the massive amount of responses and providing a detailed account of the city’s arguments to favor its bankruptcy filing. Detroit’s bankruptcy lawyers and its creditor’s […]

The Michigan legislature has held off their initial vote on contributing $195 million to the Detroit bankruptcy in order to protect the city’s assets from creditor liquidation. The bankruptcy lawyers should not worry too much as the hold is just for a single day in order to review recent changes. Michigan lawmakers are waiting a […]