February 10, 2014
by Zachariah Rivenbark
On July 18, 2013, the city of Detroit, Michigan filed a petition declaring Chapter 9 bankruptcy in the United States Bankruptcy Court for the Eastern District of Michigan, Southern Division. Detroit's attempt to declare bankruptcy briefly came to a halt on July 22, 2013, when Michigan Circuit ...[read more]
February 10, 2014
by Michael Roberts
Detroit, Michigan, the historic epicenter of US automotive manufacturing, was once a beacon of industrial prosperity. The "Motor City" was synonymous with automative giants, such as GM, Ford and Chrysler. In recent decades, however, Detroit has seen significant decreases in both population and ...[read more]
December 23, 2013
by Brent Nesbitt
JURIST Guest Columnist Charles Tabb of the University of Illinois College of Law argues that the Detroit bankruptcy ruling produces a catch-22 between the federal and state courts which may ultimately be decided by the US Supreme Court ... The first clause to the title of this comment is of course ...[read more]
December 4, 2013
by Bradley McAllister
A judge for the US Bankruptcy Court for the Eastern District of Michigan ruled Tuesday that the city of Detroit is eligible to file for bankruptcy under Chapter 9 of the US Bankruptcy Code, marking the largest municipal bankruptcy in the nation's history. In an oral ruling, Judge Steven Rhodes ...[read more]
November 6, 2013
by Matthew Pomy
The city of Detroit on Tuesday asked Judge Steven Rhodes to approve a plan where the city will borrow $350 million in order to pay down interest rates and improve city services. The loan was approved by Barclays PLC but requires judicial approval under Chapter 9 of the Bankruptcy Code. The $350 ...[read more]
August 28, 2013
by Endia Vereen
JURIST Guest Columnist, Igor Shleypak, University of Illinois College of Law Class of 2014, discusses Detroit's bankruptcy, pension restructuring and how Chapter 9 bankruptcy may become a more viable option for local governments in financial trouble...Growing up in the Detroit area, there are ...[read more]
July 25, 2013
by Daniel Mullen
Federal bankruptcy judge Steven Rhodes issued a stay Wednesday on all litigation against Detroit during the city's bankruptcy. Rhodes asserted that his court has exclusive jurisdiction over the case. While Wednesday's decision did not determine whether Detroit will ultimately receive Chapter 9 ...[read more]
February 22, 2005
by Amit Patel
Leading Tuesday's corporations and securities law news, supermarket giant Winn-Dixie Stores Inc. and 23 of its US subsidiaries have filed for Chapter 11 bankruptcy reorganization in US Bankruptcy Court for the Southern District of New York. The company announced it has secured an $800 million ...[read more]

Support JURIST

We rely on our readers to keep JURIST running

 Donate now!

© Copyright JURIST Legal News and Research Services, Inc., 2013.