Governor Rick Snyder will testify under oath at a deposition that has been set for October 9th. The testimony will be limited to the decision making for the City of Detroit’s bankruptcy filing. The Treasurer of the State of Michigan will also testify regarding the City of Detroit’s bankruptcy filing. It will be interesting to […]
Detroit Bankruptcy News: Casino-Tax Dollars Become Issue in Bankruptcy
A fight has emerged in bankruptcy court between the City of Detroit and an insurer over casino revenues. The insurer has claimed that its debt is secured against those revenues and that as a secured creditor, it should have the right to take possession of that collateral. The City, on the other hand, is seeking […]
Detroit Bankruptcy News: IU Experts Available to Discuss Art Issues in Bankruptcy
Indiana University professors have offered their take of the Detroit bankruptcy and potential sale of art work. All three professors referenced have art backgrounds, and do not offer a legal perspective, but do provide worthwhile thoughts regarding potential liquidation of assets. BLOOMINGTON, Ind. — When the city of Detroit filed for bankruptcy this year, the […]
Detroit Bankruptcy News: City Attorneys Request Stay of Proceedings Against 36th District Court
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 […]
Polls Show Duggan Leading in Detroit Mayoral Race
Recent polling in the City of Detroit shows that Mike Duggan is leading at a 2-1 margin in the race for Mayor of Detroit. Although the race is far from over this is a substantial lead in the polls. With 6 weeks to go Mr. Duggan has found himself in a favorable spot on top […]
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