The City of Southfield, Michigan will vote soon on a property tax millage renewal to supporting the City’s school district. Supporters point out the enormous funding for the City’s schools. Detractors point out that there is no free lunch. These funds are removed from many families hit hard by Michigan’s economic downturn. Further, many question […]
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 […]
Detroit Bankruptcy News: Creditors Seek to Lengthen Bankruptcy Court Deadlines
The City of Detroit’s creditors have filed papers for bankruptcy Judge Steven Rhodes to reconsider his time line for the City’s bankruptcy. Detroit’s largest creditors are asking U.S. Bankruptcy Judge Steven Rhodes to reconsider his ambitious and expedited process for determining the city’s eligibility for bankruptcy protection. In an attempt to speed along the largest […]
Detroit Bankruptcy News: Governor Consents to Deposition in Detroit Bankruptcy
Michigan’s Governor has agreed to be deposed in the City of Detroit’s bankruptcy. Lawyers for the state agreed to allow Gov. Rick Snyder, state Treasurer Andy Dillon and other state officials to be deposed by lawyers for creditors, a deal the federal judge overseeing the case said appeared to be a strong resolution to a […]
Detroit Bankruptcy News: Michigan Attorney General Defends Detroit Bankruptcy
The Michigan Attorney General has filed a brief in the City of Detroit’s Chapter 9 bankruptcy arguing in favor of Detroit’s eligibility under the bankruptcy code. This is the newest development in a battle in the press between the Michigan Governor’s office and the Michigan Attorney General’s office. Earlier this summer, the Attorney General had […]
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