The City of Detroit’s Chapter 9 bankruptcy should have a final determination made by the Bankruptcy Court for Eastern District of Michigan by the 7th of November. Bankruptcy attorneys and bankruptcy creditors have already made their final arguments to the court. The Court advised bankruptcy lawyers that he will have a final ruling on Detroit’s […]
Bankruptcy Lawyer Closes Detroit Bankruptcy Trial
A bankruptcy lawyer for the city of Detroit started closing arguments today in Detroit’s bankruptcy trial. The bankruptcy attorney must prove to the court that the bankruptcy plan, which restructures the city’s obligations, is fair for all creditors and stakeholders. The bankruptcy lawyer made a point to stress that this bankruptcy plan will leave the […]
Detroit Bankruptcy Offers Incentive to Hold Out Bond Insurer
The City of Detroit’s bankruptcy lawyers are offering deals to the leading opponent of its bankruptcy filing. The deal involves riverfront property and an indefinite lease on parking garages to the bond insurer that continues to oppose Detroit’s bankruptcy filing. Under Chapter 7 and Chapter 13 bankruptcy, all creditors of the same class have to […]
Oakland County Bar Assocation Hosting Legal Clinic in Southfield, MI
The Oakland County Bar Association will host a free legal aid clinic in Southfield, Michigan, on October 20, 2014. The clinic will take place at the Southfield Public Library and will cover legal areas of juvenile, family, probate, criminal, general civil and landlord/tenant matters. Attorneys and legal aid providers will be on hand to answer […]
Bankruptcy Court Rules It Cannot Tell Detroit Water & Sewer
Detroit’s Bankruptcy Judge has issued a ruling stating that he cannot force the City of Detroit to not shut off water for residents. Bankruptcy lawyers for both the city and advocacy groups submitted briefs regarding the issues. The bankruptcy court ultimately decided that bankruptcy law does not allow such a ruling. Detroit’s bankruptcy judge today […]
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