Thursday was looked at as a land mark day in the United States Bankruptcy Court for the Eastern District of Michigan. Not only is the unprecedented City Bankruptcy taking place, but the Judge is allowing opponents of the filing state their case candidly as ordinary citizens. This is not business as usual in the Bankruptcy […]
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 […]
City of Southfield Holding Food Truck Rally
The City of Southfield, Michigan, will hold a food truck rally on September 25th. Good news for all the foodies to enjoy a variety all in one spot. Southfield has done well in the past at holding family friendly events and this will surely live up to past events. Southfield will have multiple trucks with […]
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 […]
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