Detroit bankruptcy

3:48 pm
Wed July 24, 2013

Judge freezes lawsuits in Detroit bankruptcy case

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Rhoades says the ruling speeds along the case and saves taxpayer money.
Detroit- A bankruptcy judge has overruled objections to the city's bankruptcy filing, freezing several lawsuits filed against Detroit and will allow the bankruptcy case to proceed in federal court. U.S. District Judge Steven Rhodes also decided Wednesday that an automatic stay triggered by Detroit's Chapter 9 filing extends to Emergency Manager Kevyn Orr, Gov.
SW Michigan
4:01 pm
Tue July 23, 2013

Court lifts block on Detroit bankruptcy

Downtown Detroit skyline
Credit Wikimedia Commons

A Lansing judge's ruling that ordered Governor Rick Snyder to withdraw the Chapter Nine bankruptcy filing for the City of Detroit has been overturned. The Gongwer News Service reports that the Michigan Court of Appeals issued its order Tuesday afternoon. It not only lifted the injunction by Ingham County Circuit Judge Rosemarie Aquilina but also ordered her to have no further involvement in the case.

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7:42 pm
Mon July 22, 2013

Second hearing on Detroit bankruptcy set for Wednesday

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The hearing would consider the city’s request to block all lawsuits that were filed before the city filed for bankruptcy.
Federal judge to consider pension funds' lawsuit Wednesday in first Detroit bankruptcy hearing U.S. Bankruptcy Judge Steven Rhodes has declared that his court has the authority to rule on a dispute between the city's pension funds and the City of Detroit - not the state court in Ingham A link to this page will be included in your message.
8:28 pm
Sun July 21, 2013

Other large cities face problems like Detroit

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Pew Center for the States finds pension plans underfunded across the country
Detroit not alone under mountain of long-term debt Detroit may be alone among the nation's biggest cities in terms of filing for bankruptcy, but it is far from the only city being crushed by a roiling mountain of long-term debt.
5:39 am
Sat July 20, 2013

Detroit bankruptcy court battle commences

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The Motor City's Chapter Nine filing is the biggest municipal bankruptcy case in U.S. history.
A judge in the US state of Michigan has ordered the city of Detroit to withdraw its application for bankruptcy over its debts of $18bn (£12bn). Judge Rosemarie Aquilina said the petition, filed on Thursday, violated the state's laws and constitution because it threatened pension benefits.