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Home > Bankruptcy News

Bankruptcy News Jul 2013

Bankruptcy Court Sets August 7, 2013, Date For Airtronic USA’s Reorganization Plan Confirmation Hearing – An Important ...
If confirmed by the court, Airtronic’s reorganization Plan will allow GDSI’s planned merger partner – the largest woman-owned small arms manufacturer in the United States – to emerge from Chapter 11 with ... (Mon, 01 Jul 2013 12:32:00 GMT)

Bankruptcy Has Been Good for American Airlines
Bankruptcy Has Been Good for American Airlines         (Mon, 01 Jul 2013 19:01:14 GMT)

Area bankruptcy cases drop
After rising slightly in May, bankruptcy filings in U.S. Bankruptcy Court in Toledo declined 21 percent in June from the same month a year ago. (Tue, 02 Jul 2013 04:04:24 GMT)

Bankruptcy: A publicans tale
Bankruptcy should never be entered into lightly, the after effects of taking this step will be with you for a long time. But for some, including myself, it is the only answer left that lets you to retain your sanity and begin to rebuild your life. (Tue, 02 Jul 2013 11:04:00 GMT)

Casey Anthony gets mixed ruling from bankruptcy judge
TAMPA — A bankruptcy judge on Tuesday denied in part but granted in part Casey Anthony's request to dismiss a claim against her by Texas EquuSearch, the nonprofit that spent thousands of dollars looking for her daughter.         (Tue, 02 Jul 2013 11:26:29 GMT)

Belle Foods bankruptcy: Grocery company struggles to pay debt
Belle Foods bankruptcy stems from an inability to pay debts, the Birmingham-based company said Tuesday. Before the Belle Foods bankruptcy, the company announced it would hire 300 part-time workers as a  cost-saving measure. (Tue, 02 Jul 2013 17:02:12 GMT)

Starfield Resources Inc. Makes an Assignment in Bankruptcy under the Bankruptcy and Insolvency Act
Starfield Resources Inc. Makes an Assignment in Bankruptcy under the Bankruptcy and Insolvency Act (Canada) (Tue, 02 Jul 2013 18:23:00 GMT)

Textbook publisher Cengage files bankruptcy to cut debt
By Nick Brown NEW YORK (Reuters) - Textbook publisher Cengage Learning Inc on Tuesday filed for bankruptcy protection as part of a prearranged restructuring it said would help it eliminate more than $4 billion of debt. The company, which was acquired in a 2007 leveraged buyout by private equity firm Apax Partners and Omers Capital Partners, sought Chapter 11 protection from creditors with the U ... (Tue, 02 Jul 2013 19:02:29 GMT)

Casey Anthony wins partial victory in bankruptcy court
A Florida bankruptcy judge granted, in part, Casey Anthony’s request to dismiss the charges filed against her by a nonprofit organization that aided in the search for her daughter. (Tue, 02 Jul 2013 19:44:40 GMT)

Cengage Learning files for bankruptcy protection
Textbook publisher Cengage Learning said Tuesday it has filed for reorganization under Chapter 11 bankruptcy protection. The company said the move will allow it to restructure its balance sheet and reduce ... (Tue, 02 Jul 2013 22:41:24 GMT)

Spokesman: No bankruptcy for Detroit's Masonic Temple
A company once affiliated with the Detroit Masonic Temple has filed for bankruptcy, but not the owners, a spokesman for the owners said Wednesday morning. (Wed, 03 Jul 2013 05:48:13 GMT)

Spokesman: No bankruptcy for Detroit's Masonic Temple
A company once affiliated with the Detroit Masonic Temple has filed for bankruptcy, but not the owners, a spokesman for the owners said Wednesday morning. (Wed, 03 Jul 2013 09:03:24 GMT)

How Does Divorce Affect Bankruptcy and Mortgage?
Your name won't come off the mortgage in a divorce, but bankruptcy will clear your liability. (Wed, 03 Jul 2013 12:36:44 GMT)

No Bankruptcy for Detroit Masonic Temple and Owners
On July 3, 2013, the Detroit News falsely reported that the Detroit Masonic Temple Theatre Co. -- the alleged "owners" of the Detroit Masonic Temple -- had declared bankruptcy. (Wed, 03 Jul 2013 17:54:04 GMT)

Detroit bankruptcy threatens city culture
Detroit faces the possibility of having to sell off its prized art treasures if it falls into bankruptcy. (Fri, 05 Jul 2013 03:51:38 GMT)

WEEK AHEAD: Orchard Supply Seeks Bankruptcy Auction
WEEK AHEAD: Orchard Supply Seeks Bankruptcy Auction (Fri, 05 Jul 2013 15:26:01 GMT)

Ally's ResCap unit files bankruptcy plan
By Jonathan Stempel (Reuters) - Residential Capital LLC, the mortgage lending unit of U.S. government-owned Ally Financial Inc , has filed a bankruptcy reorganization plan that calls for unsecured creditors to recover 36.3 cents on the dollar. ResCap described the payout in a disclosure statement filed on Thursday with the U.S. Bankruptcy Court in Manhattan. The 399-page filing is designed to ... (Fri, 05 Jul 2013 20:56:34 GMT)

Toni Braxton bankruptcy case settled
LOS ANGELES, July 6 (UPI) -- U.S. singer Toni Braxton's bankruptcy case was settled after she agreed to pay $150,000 to start over, court documents indicate. (Sat, 06 Jul 2013 16:47:29 GMT)

Braxton resolves bankruptcy
Photo: Terrence Jennings/Retna Ltd. Toni Braxton can finally put her bankruptcy troubles behind her after reportedly paying off $150,000 to settle her case. (Sat, 06 Jul 2013 22:40:37 GMT)

Bankruptcy petitions
U.S. (Sun, 07 Jul 2013 05:20:20 GMT)

City bankruptcy trickle-down effect
STOCKTON - The city might be hogging all the attention for its monumental Chapter 9 bankruptcy filing. (Sun, 07 Jul 2013 07:21:12 GMT)

Washington area bankruptcy filings for July 8
These firms recently filed with the U.S. Bankruptcy Court’s local court clerk’s offices. (Sun, 07 Jul 2013 18:38:16 GMT)

Bankruptcy may be only way to get collection efforts to stop
If you don't have anything saved and can't come up with any money for payments, you have little leverage in dealing with a debt collection agency. Dear Liz: I co-signed a credit card for someone and the person defaulted on payment. I started making payments but could not continue because I became unemployed. The debt started at $15,631.23 but has gone up to $17,088.08 because of interest and ... (Mon, 08 Jul 2013 01:47:03 GMT)

Casey Anthony to pay $25k to settle life-story rights in bankruptcy case
Casey Anthony has agreed to pay $25,000 to settle a dispute in her bankruptcy case surrounding the rights to sell her life story, according to documents recently filed in the case.         (Mon, 08 Jul 2013 17:52:12 GMT)

Filings for bankruptcy fall further
Bankruptcy filings continued to drop in New Mexico during the first six months of the year, reflecti ... (Tue, 09 Jul 2013 00:10:54 GMT)

DiamondJacks creditors approve bankruptcy exit
Having failed in an attempt to sell the two DiamondJacks casinos to an Oklahoma Indian tribe, creditors are bringing the Bossier City, La., and Vicksburg, Miss., gambling halls out of bankruptcy themselves, ... (Tue, 09 Jul 2013 13:58:06 GMT)

San Bernardino: A year under bankruptcy cloud
SAN BERNARDINO -- A year ago today, City Council members surprised many residents by making what some described as the hardest decision they would make while in office: They authorized city officials to file for Chapter 9 bankruptcy protection. Special Section: San Bernardino Timeline: San Bernardino bankruptcy (Wed, 10 Jul 2013 05:47:15 GMT)

Which Should I File First: Divorce or Bankruptcy?
Before you file for divorce, you'll want to file for bankruptcy. But there are other steps, too. (Wed, 10 Jul 2013 12:32:18 GMT)

Bankruptcy could cost Detroit $100 million in legal fees
DETROIT, July 10 (UPI) -- Legal fees for Detroit could reach $100 million if the city declares bankruptcy, an attorney with a prominent Michigan law firm said. (Wed, 10 Jul 2013 17:06:46 GMT)

Bankruptcy Gone Wild
There is sad news for hormone-driven boys nationwide. The Girls Gone Wild empire went into bankruptcy, brought down by hubris, missteps, litigation and changing technology. (Wed, 10 Jul 2013 17:38:07 GMT)

After Bankruptcy, This Company Wastes No Time in Entering a New Market
After Bankruptcy, This Company Wastes No Time in Entering a New Market         (Wed, 10 Jul 2013 18:39:28 GMT)

Detroit retirees sue to block city from filing for bankruptcy
Asserting a state constitutional right to their pensions, a group of Detroit retirees wants a judge to block Gov. Rick Snyder's administration from authorizing the city to seek federal bankruptcy. (Wed, 10 Jul 2013 22:07:44 GMT)

Court rejects bid to put Blixseth into bankruptcy
For the second time, a federal judge has turned back an attempt by Montana authorities to force former billionaire Tim Blixseth into bankruptcy to recover $57 million in alleged back taxes. U.S. Bankruptcy ... (Thu, 11 Jul 2013 01:24:16 GMT)

Trisports files for Chap. 11 bankruptcy protection
A local company that specializes in selling gear for triathletes is running under bankruptcy protection after its bank sued for repayment of $1.8 million in loans. (Thu, 11 Jul 2013 07:00:00 GMT)

San Bernardino Bondholder, Insurer Support Bankruptcy
San Bernardino should be allowed to stay in bankruptcy, bond insurer Ambac Assurance Co. and a bondholder owed $50 million said in court papers opposing other creditors’ efforts to strip the California city of federal court protection. (Thu, 11 Jul 2013 20:31:06 GMT)

Blixseth seeks damages over Mont. bankruptcy suit
Luxury real estate developer Tim Blixseth said Thursday he intends to seek damages against the state of Montana over its failed attempt to force him into bankruptcy to collect $57 million in alleged back ... (Fri, 12 Jul 2013 14:11:03 GMT)

Bankruptcy plan restores many Fla. Ponzi investors
A bankruptcy plan approved in the South Florida's $1.2 billion Scott Rothstein Ponzi scheme will likely restore money lost by hundreds of investors. A federal bankruptcy judge on Thursday approved the ... (Fri, 12 Jul 2013 17:10:28 GMT)

NE Opco Reaches Deal Allowing for Consensual Bankruptcy
NE Opco Inc., the largest closely held envelope maker in North America, reached a settlement with creditors and lenders that will allow for a consensual ride through the bankruptcy process, a company lawyer said. (Fri, 12 Jul 2013 22:00:52 GMT)

Ex-rich lister takes bankruptcy battle back to court
The Official Assignee has objected to the release of 24 people from bankruptcy since 2010 and one of them - former rich-lister Jamie Peters - is back in the High Court at Auckland today fighting to be discharged.A bankruptcy usually... (Sun, 14 Jul 2013 18:10:52 GMT)

Travel firm's bankruptcy upends World Youth Day pilgrimage plans
The excitement of attending World Youth Day 2013 in Rio de Janeiro turned to disappointment for 24 Catholics in the diocese of Green Bay after learning that the agency overseeing travel arrangements to Brazil claimed bankruptcy June 10. (Mon, 15 Jul 2013 14:54:35 GMT)

Bankruptcy court told of boat sale proceeds
More than $300,000 from the sale of a $2 million luxury yacht, which former property developer Jamie Peters had personal use of before his bankruptcy, ended up with a company directed by his father-in-law, a court heard yesterday.Peters,... (Mon, 15 Jul 2013 18:01:33 GMT)

Detroit bankruptcy clock ticking
Gov. Rick Snyder has not yet decided whether Detroit will become the largest city in American history to file Chapter 9 bankruptcy, but a series of crucial meetings set for this week should answer that question. (Tue, 16 Jul 2013 10:31:54 GMT)

Grant & Eisenhofer Files Suit against Cantor Fitzgerald on Behalf of Refco Bankruptcy Estate, Alleging Cantor ...
NEW YORK, July 16, 2013 /PRNewswire/ -- The bankruptcy estate of collapsed futures broker Refco Inc . has filed a lawsuit against financial services firm Cantor Fitzgerald , L.P . The suit alleges that ... (Tue, 16 Jul 2013 14:43:00 GMT)

Orchard gets bankruptcy court OK on financing
Orchard Supply Hardware Stores said Tuesday that it has received bankruptcy court approval for the hardware and garden store retailer to access $177 million in debtor-in-possession financing. The company, ... (Tue, 16 Jul 2013 15:27:53 -0700)

Filing for Bankruptcy: Do You Need an Attorney?
When filing for bankruptcy, do you need an attorney? A bankruptcy case can be a daunting task to take on by yourself, but it can be done in some cases. Still, you may not want to rule out the idea of hiring a bankruptcy lawyer altogether. (Tue, 16 Jul 2013 15:37:28 GMT)

Detroit avoiding bankruptcy is the goal, Snyder says
The word around town points to the inevitability of Detroit going into bankruptcy, but Governor Snyder says that is not a foregone conclusion. (Tue, 16 Jul 2013 17:09:11 -0700)

Bankruptcy filing by Detroit could be long, costly, complicated
A Detroit bankruptcy could take longer and cost more money due to legal challenges and the steep learning curve facing a judge who likely has never handled a municipal bankruptcy, experts say. (Tue, 16 Jul 2013 23:33:41 -0700)

Spain Clean Energy Subsidy Cuts Raise Bankruptcy Risk
Spain’s cuts to renewable energy subsidies will leave many project developers facing bankruptcy, four industry lobby groups said. (Wed, 17 Jul 2013 06:38:16 -0700)

All Eyes Are On Detroit As Bankruptcy Decision Looms
On the other side, Sandy Baruah, head of the Detroit Regional Chamber of Commerce, said it wouldn't be such a bad thing for Detroit to become the largest municipal bankruptcy case in history. (Wed, 17 Jul 2013 07:02:33 -0700)

Bankruptcy trustee asks judge to order arrest of NJ Assemblyman Robert Schroeder
The trustee handling embattled Assemblyman Robert Schroeder’s bankruptcy has asked a judge to arrest him on contempt of court charges. Documents were filed Tuesday in federal court seeking formal charges against Schroeder for failing to comply with a July 2 court order. (Wed, 17 Jul 2013 10:30:44 -0700)

Slow Talks Could Hasten Detroit Bankruptcy Filing
Slow talks with creditors could push Detroit into largest municipal bankruptcy in US history         (Wed, 17 Jul 2013 14:13:48 -0700)

Detroit pension funds sue to block potential bankruptcy
The city's two pension funds sued Gov. Rick Snyder on Wednesday to block him from authorizing what would be the biggest municipal bankruptcy in U.S. history. (Wed, 17 Jul 2013 16:50:42 -0700)

SAN BERNARDINO: Bankruptcy judge wants to keep case on track
A U.S. bankruptcy judge made clear Wednesday, July 17, that she plans to stay on target for a late August hearing (Wed, 17 Jul 2013 18:47:53 -0700)

Bankruptcy judge pushes against CalPERS
RIVERSIDE >> In a bankruptcy hearing Wednesday in which both San Bernardino and its main creditor accused the other of misrepresenting important facts, the judge overseeing the case pushed back against CalPERS on several points. (Thu, 18 Jul 2013 00:17:04 -0700)

Detroit Pension Funds Sue to Block City Bankruptcy Filing
Two Detroit pension funds sued the city’s emergency manager and the governor of Michigan, asking that a court find a bankruptcy filing would conflict with the state’s constitutional protection of public retirees’ rights. (Thu, 18 Jul 2013 06:05:18 -0700)

Bankruptcy in Detroit, and new precedents may be set
By Cate Long The emergency manager of Detroit, Kevyn Orr, with the blessing of the Governor of Michigan Rick Snyder, has gone to the federal courthouse and filed a petition for Chapter 9 municipal bankruptcy http://www.scribd.com/doc/154574 The most important dimension of this filing is that it shields the city from lawsuits that are being filed ... (Thu, 18 Jul 2013 15:06:33 -0700)

Detroit bankruptcy: Governor authorizes filing, declaring 'no viable alternative'
Detroit filed for bankruptcy Thursday, the largest municipal bankruptcy case in US history. The move followed a state-led intervention to revive the city’s finances, which had been failing for decades. (Thu, 18 Jul 2013 17:41:09 -0700)

Reaction to Detroit's bankruptcy
DETROIT (Reuters) - Detroit filed the largest municipal bankruptcy in U.S. history on Thursday to seek relief for an estimated $18.5 billion in debt that has crippled the city that was once the hub of ... (Thu, 18 Jul 2013 20:14:00 -0700)

Detroit raced to file bankruptcy ahead of move to block it
By Deepa Seetharaman and Karen Pierog DETROIT (Reuters) - Detroit's historic municipal bankruptcy filing on Thursday came less than 10 minutes before lawyers for the city's pension funds and retirees had rushed to another court to try to block it. The bare bones bankruptcy petition, which came at 4:06:22 p.m., blindsided everyone in the room, according to two lawyers who were in state court in ... (Thu, 18 Jul 2013 21:23:04 -0700)

Factbox: Reaction to Detroit's bankruptcy
DETROIT (Reuters) - Detroit filed the largest municipal bankruptcy in U.S. history on Thursday to seek relief for an estimated $18.5 billion in debt that has crippled the city that was once the hub of American manufacturing. The following are comments from various stakeholders in Detroit reacting to the bankruptcy filing: DETROIT EMERGENCY MANAGER KEVYN ORR "We did not take this action ... (Thu, 18 Jul 2013 23:57:25 -0700)

Michigan Judge Rules Against Bankruptcy Push
The officials said the city’s bankruptcy filing gave Detroit “breathing room” to continue operating as it copes with its long-term debts and obligations. (Fri, 19 Jul 2013 05:45:44 -0700)

Detroit bankruptcy reflects concerns across the country
First Read: The story of Detroit could spark a renewed conversation about unions, pensions and other benefits weighing on cities and states across the country. (Fri, 19 Jul 2013 06:33:29 -0700)

Detroit files for bankruptcy, stage set for court fight
By Nick Carey DETROIT (Reuters) - Detroit filed the largest municipal bankruptcy in U.S. history on Thursday, setting the stage for a costly court battle with creditors and opening a new chapter in the long struggle to revive the city that was the cradle of the American auto industry. The bankruptcy, if approved by a federal judge, would force Detroit's thousands of creditors into negotiations ... (Fri, 19 Jul 2013 06:45:31 -0700)

Detroit's bankruptcy follows decades of decay
DETROIT (AP) — The city of Detroit, which for years paid its bills with borrowed money, is the largest city in U.S. history to file for bankruptcy protection. Here's a look at how the city spiraled into financial ruin and why it's in so much trouble: (Fri, 19 Jul 2013 06:57:10 -0700)

Bankruptcy means Howdy Doody may leave Detroit Institute of Arts
DETROIT, July 19 (UPI) -- Detroit's declaration of bankruptcy means Howdy Doody, the iconic marionette in residence at the Detroit Institute of Arts, may be sold, legal experts said. (Fri, 19 Jul 2013 10:37:03 -0700)

Next for Detroit: Lots of Pain With Bankruptcy
Filing for bankruptcy means painful changes are ahead for Detroit’s residents, retirees and city workers. But Emergency Financial Manager Kevin Orr, the expert hired to stop the city’s fiscal free fall, argues “it gives us breathing room.” Bankruptcy was the only choice, says Orr. “We... (Fri, 19 Jul 2013 10:49:04 -0700)

Detroit's Bankruptcy Is Just Politics By Other Means
Prussian military theorist Carl von Clausewitz famously declared war is "mere policy by other means." Detroit's bankruptcy is similar. Saddled with billions of dollars in bond debt and pension obligations it can never repay, Michigan's largest city has resorted to settling its deep-rooted fiscal and political problems in court. (Fri, 19 Jul 2013 12:02:45 -0700)

Detroit bankruptcy: Already, clock is ticking to get in and out
Now that Detroit is declaring bankruptcy, it must face its next challenge: time. (Fri, 19 Jul 2013 13:06:20 -0700)

Veteran Detroit bankruptcy judge gets historic case
The city's historic bankruptcy case was assigned Friday to U.S. Bankruptcy Judge Steven Rhodes, a veteran Detroit jurist with experience in large complex filings and a reputation for efficiency and diplomacy on the bench. (Fri, 19 Jul 2013 15:15:31 -0700)

Detroit bankruptcy fuels wider battle over pensions
Detroit's bankruptcy filing, along with two in California, enters into unchartered legal territory in the battle between public pension funds and financially ailing governments. WASHINGTON — Detroit's historic bankruptcy filing — already thrown into turmoil by a Michigan court Friday — has ignited a largely uncharted legal front in the closely watched battle between public employee unions and ... (Fri, 19 Jul 2013 19:07:31 -0700)

Detroit Bankruptcy Judge Rhodes Is Ponzi-Law Scholar
Detroit’s bankruptcy, the largest municipal collapse in U.S. history, will be overseen by a 28- year veteran of the bench and writer on Ponzi-scheme law who’s taking on the biggest case of his career. (Fri, 19 Jul 2013 21:20:08 -0700)

Detroit's bankruptcy may lead to more chaos
Some hope bankruptcy will get Detroit on the road to recovery. But the city remains broken, and its public employees now worry for their future. DETROIT — Jose Covarrubias has tried to keep his small house on a semi-deserted street in southwest Detroit a bastion of calm, but it has gotten more difficult every day. (Sat, 20 Jul 2013 00:45:42 -0700)

Detroit bonds drop, judge seeks to halt bankruptcy filing
By Nick Carey DETROIT (Reuters) - Investors dumped Detroit's municipal bonds a day after the city's historic bankruptcy filing even as a ruling in state court raised questions about whether the bankruptcy will stand up to court review. Attempts by Michigan Governor Rick Snyder and Detroit's Emergency Manager Kevyn Orr to put a positive spin on the largest municipal bankruptcy in U.S. history ... (Sat, 20 Jul 2013 04:58:30 -0700)

Detroit Businesses See Opportunity In Bankruptcy
In Detroit, many business owners hope that filing for bankruptcy will help the city start fresh and ultimately become a thriving urban center mirroring other cities that recovered from near financial ruin. (Sat, 20 Jul 2013 06:31:06 -0700)

Detroit's bankruptcy may lead to more chaos
Some hope bankruptcy will get Detroit on the road to recovery. But the city remains broken, and its public employees now worry for their future. DETROIT — Jose Covarrubias has tried to keep his small house on a semi-deserted street in southwest Detroit a bastion of calm, but it has gotten more difficult every day.         (Sat, 20 Jul 2013 22:22:41 -0700)

Detroit bankruptcy: Is it a warning sign for America?
Gov. Rick Snyder (R) of Michigan could be forgiven for sounding like a bit of a cheerleader when discussing Detroit's bankruptcy Sunday on NBC's "Meet the Press." (Sun, 21 Jul 2013 15:29:51 -0700)

Will Filing Bankruptcy Hurt My Children's Credit?
Filing bankruptcy can get confusing if you have shared debts. A Credit.com reader asked if filing bankruptcy would hurt her children's credit. (Mon, 22 Jul 2013 03:30:37 -0700)

Detroit: The bankruptcy of America's social contract
Detroit's bankruptcy is indicative of not only a failure of political negotiations but also the increasing income disparity in America. In Detroit, wealthier Americans have been able to write off the poor for years, Reich says. (Mon, 22 Jul 2013 05:21:01 -0700)

What does Detroit's bankruptcy mean for other cities?
Rueben walks readers through Detroit's bankruptcy, analyzing how it happened, what is next for Detroit, and how this will affect other financially struggling cities. (Mon, 22 Jul 2013 07:20:29 -0700)

Detroit Bankruptcy: A Controversial Roadmap
With the news of the City of Detroit having filed for bankruptcy yesterday, Thursday, July 18th, I thought it important to get in front of John Loffredo, our co-Head of MacKay Municipal Managers, to get his take as he and his team has been closely following developments in Detroit for quite some time. (Mon, 22 Jul 2013 08:16:08 -0700)

Pensions could be at stake in Detroit bankruptcy filing
Officials say a county court ruling in favor of groups representing retirees will not halt bankruptcy proceedings. (Mon, 22 Jul 2013 09:00:09 -0700)

Judge sets first hearing for Detroit bankruptcy
DETROIT—The judge overseeing Detroit's bankruptcy case says he will hold the first hearing on Wednesday. (Mon, 22 Jul 2013 10:02:18 -0700)

Detroit faces first bankruptcy hearing
Detroit's bankruptcy goes to court Wednesday, while lawsuits seek to block a plan to restructure the city's huge debt. (Mon, 22 Jul 2013 11:33:47 -0700)

Judge sets first hearing for Detroit bankruptcy
DETROIT (AP) — The federal judge overseeing Detroit's bankruptcy set the first hearing in the case for Wednesday after the city urged him to stop pensioners from filing lawsuits that could gum up plans to restructure billions of dollars in debt. (Mon, 22 Jul 2013 15:15:18 -0700)

Federal judge to decide if Detroit bankruptcy filing legal; hearing Wednesday
U.S. Bankruptcy Court Judge Steven Rhodes has set the first hearing in Detroit's bankruptcy proceedings for Wednesday to sort out a legal dispute between the city and its pension funds. (Mon, 22 Jul 2013 15:44:35 -0700)

Detroit bankruptcy: The war shifts to the courts
Detroit's filing of a petition for Chapter 9 bankruptcy on Thursday marks just a skirmish in what is expected to be a prolonged legal battle between labor unions, bondholders, and state officials over the future of a city that once symbolized the nation's industrial might. (Mon, 22 Jul 2013 16:18:00 -0700)

Detroit hurtles toward first bankruptcy hearing Wednesday
The largest municipal bankruptcy in U.S. history will have its first day in court two days from now, even as other lawsuits seek to block a plan to restructure its more than $18 billion in debt. On Monday, U.S. (Mon, 22 Jul 2013 18:15:09 -0700)

Detroit bankruptcy judge finally gets his big case
By Tom Hals (Reuters) - When Judge Steven Rhodes convenes the first hearing in Detroit's bankruptcy on Wednesday, more than a hint of irony will permeate the city's federal courthouse. The 64-year-old veteran bankruptcy judge will be presiding over the biggest municipal bankruptcy in U.S. history, sifting through more than $18 billion in debt and unfunded liabilities, and taking decisions that ... (Tue, 23 Jul 2013 21:12:28 -0700)

For Detroit, all roads probably lead to bankruptcy court
By Nick Brown (Reuters) - With fights over whether Detroit can pursue its bankruptcy filing playing out in both federal bankruptcy court and Michigan state court, many are wondering how the matter will be resolved. It is impossible to predict precisely how the two cases will play out, but experts agree that sooner or later the dispute is likely to end up with the bankruptcy court handling the ... (Tue, 23 Jul 2013 21:26:12 -0700)

Judge to set course of Detroit bankruptcy at Wednesday hearing
Six days after a historic bankruptcy filing, a federal judge will hold the first hearing in the case at 10 a.m. today in front of a scores of lawyers, protesters and reporters from as far away as Japan, China and Norway. (Tue, 23 Jul 2013 22:06:57 -0700)

Judge to set course at Detroit bankruptcy hearing
Six days after a historic bankruptcy filing, a federal judge will hold the first hearing in the case at 10 a.m. today in front of a scores of lawyers, protesters and reporters from as far away as Japan, China and Norway. (Wed, 24 Jul 2013 02:02:11 -0700)

Judge holding 1st hearing in Detroit bankruptcy
Detroit's bankruptcy is hitting a courtroom for the first time as a judge considers what to do with challenges from retirees who claim their pensions are protected by the Michigan Constitution. The city ... (Wed, 24 Jul 2013 06:51:54 -0700)

Detroit bankruptcy tests state pension protections
As the once-proud city of Detroit humbles itself in bankruptcy court, its financial future may hinge on this key question: Is the city obliged to its past? Or can Detroit renege on its promises to thousands of retirees for the sake of its present city services? (Wed, 24 Jul 2013 08:09:45 -0700)

Detroit bankruptcy case judge proposes mediator for toughest disputes
(Reuters) - The bankruptcy judge overseeing Detroit's historic bankruptcy filing has proposed appointing a federal judge as mediator to hash out the most difficult disputes as the city struggles to resolve more than $18 billion in bond and pension obligations. U.S. Bankruptcy Judge Steven Rhodes has proposed appointing federal judge Gerald Rosen to oversee confidential mediation, if it is needed ... (Wed, 24 Jul 2013 09:52:15 -0700)

Initial ruling on Detroit bankruptcy bid may come Wednesday
By Bernie Woodall and Joseph Lichterman DETROIT (Reuters) - A U.S. bankruptcy court judge said he may rule later on Wednesday on whether lawsuits challenging Detroit's bankruptcy filing on state constitutional grounds should be suspended while he reviews the city's petition for protection from creditors. Judge Steven Rhodes recessed Wednesday's first hearing in Detroit's historic municipal ... (Wed, 24 Jul 2013 10:28:50 -0700)

U.S. judge halts challenges to Detroit's bankruptcy bid
A U.S. bankruptcy court judge on Wednesday suspended lawsuits challenging Detroit's historic bankruptcy filing while he reviews the city's petition for protection from creditors. Following the first hearing ... (Wed, 24 Jul 2013 11:59:00 -0700)

Judge in Detroit bankruptcy bid suspends challenges from proceeding
A U.S. bankruptcy court judge on Wednesday suspended lawsuits challenging Detroit's historic bankruptcy filing while he reviews the city's petition for protection from creditors.         (Wed, 24 Jul 2013 12:03:19 -0700)

Judge Slows Detroit Bankruptcy Lawsuits
U.S. Bankruptcy Judge Steven Rhodes ruled that his federal court will hear Detroit's bankruptcy case, throwing a barrier to the pensioners who challenged the constitutionality of last week's historic $18 billion bankruptcy filing.         (Wed, 24 Jul 2013 14:22:36 -0700)

Judge freezes challenges to Detroit bankruptcy
A federal judge on Wednesday swept aside lawsuits challenging Detroit's bankruptcy, settling the first major dispute in the scramble to get a leg up just days after the largest filing by a local government ... (Wed, 24 Jul 2013 14:49:59 -0700)

A Federal Judge Has Frozen All Legal Challenges to Detroit's Bankruptcy
Since the moment Detroit filed for bankruptcy last Thursday—making it the largest municipality in U.S. history to ever resort to the tactic—civil servants and retirees who stand to lose part of their pensions in any debt restructuring have argued that the city legally doesn't have the right to go bankrupt. The Michigan constitution, they've argued, bars any action that threatens the pensions of ... (Wed, 24 Jul 2013 15:23:10 -0700)

Bankruptcy Blues: Stockton Offers a Glimpse at Detroit's Future
A year after filing for bankruptcy, the California city still struggles with limited public services and court battles (Thu, 25 Jul 2013 02:59:23 -0700)

How Bankruptcy Impacts Your Taxes
Before rushing off to file bankruptcy it's important to analyze the impact on tax liabilities, and make sure the timing is right to file. (Thu, 25 Jul 2013 06:41:04 -0700)

GM case may provide guidance on scrutinizing Detroit bankruptcy fees
General Motors' bankruptcy case in 2009 could provide a pattern for scrutinizing fees and expenses in the historic Detroit bankruptcy. (Fri, 26 Jul 2013 00:16:31 -0700)

Detroit bankruptcy case puts federalism on center stage
Detroit’s bankruptcy case has the potential to be the latest in a series of high-profile power conflicts between the federal government and states with constitutional roots. (Fri, 26 Jul 2013 06:10:07 -0700)

Retirees: Detroit's bankruptcy filing is a 'declaration of war'
Retirees gathered outside City Hall on Friday to protest the city's 'hasty' bankruptcy filing, which they say could cost them their pensions. (Fri, 26 Jul 2013 12:50:24 -0700)

Will Detroit's Bankruptcy Kill This Key Market?
The biggest municipal bankruptcy in history has huge implications for muni-bond investors.         (Sat, 27 Jul 2013 08:22:47 -0700)

Mich. AG on pensioners' side in Detroit bankruptcy
Michigan's attorney general says he's joining the Detroit bankruptcy case on behalf of pensioners. According to a statement released Saturday by his office, Bill Schuette will file an appearance in federal ... (Sat, 27 Jul 2013 08:44:17 -0700)

Detroit bankruptcy another setback for unions
Detroit's historic bankruptcy filing is a major setback for public employee unions that have spent years trying to ward off cuts to the pensions of millions of government workers around the country. If ... (Sat, 27 Jul 2013 09:29:41 -0700)

Detroit bankruptcy another setback for unions
WASHINGTON (AP) — Detroit's historic bankruptcy filing is a major setback for public employee unions that have spent years trying to ward off cuts to the pensions of millions of government workers around the country. (Sat, 27 Jul 2013 09:29:41 -0700)

Michigan AG sides with pensioners in Detroit bankruptcy case
Michigan Attorney General Bill Schuette will file for appearance Monday in the U.S. Bankruptcy Court to intervene in Detroit's bankruptcy to defend the state's constitutional protection of pension benefits city retirees and workers have earned. (Sat, 27 Jul 2013 10:11:38 -0700)

Michigan attorney general backs pensioners in Detroit bankruptcy
By Susan Kelly (Reuters) - Michigan's Attorney General Bill Schuette, a Republican, said on Saturday he would defend retirees who risk losing public pensions because of Detroit's bankruptcy, putting him at odds with the city's emergency manager appointed by fellow Republican Governor Rick Snyder. Schuette, an elected official, said the Michigan state constitution is "crystal clear" in stating ... (Sat, 27 Jul 2013 14:14:15 -0700)

Bankruptcy Doesn't Come Cheap For Companies Struggling To Survive
As Station Casinos' lead counsel in its Chapter 11 bankruptcy reorganization, the giant law firm Milbank, Tweed, Hadley & McCloy charged $802,000. But that didn't include expert advice on navigating the perils and nuances of bankruptcy law, just the time (Sun, 28 Jul 2013 00:00:00 -0700)

Naming mediator brings authority to fractious Detroit bankruptcy case
By Nick Brown (Reuters) - Of all the legal maneuvers so far in Detroit's bankruptcy case by unions or the city's emergency manager, the one that may have the most impact was when the judge decided to name a mediator. In a July 23 filing in U.S. Bankruptcy Court, Judge Steven Rhodes said he would appoint another federal judge, Gerald Rosen, as a mediator. A mediator would be an authoritative ... (Sun, 28 Jul 2013 21:04:55 -0700)

Michigan AG Schuette joins Detroit bankruptcy case
Michigan's attorney general has officially joined Detroit's federal bankruptcy case on behalf of pensioners. (Mon, 29 Jul 2013 10:09:19 -0700)

Michigan Attorney General to Join Detroit Bankruptcy
Michigan’s attorney general joined the Detroit bankruptcy case, two days after announcing he would represent retired city workers by seeking to enforce a clause in the state constitution that shields pensions from cuts. (Mon, 29 Jul 2013 10:15:52 -0700)

Detroit Bankruptcy Judge Urged Not to Halt Tax Appeals
Detroit’s $18 billion bankruptcy shouldn’t halt efforts by property owners to lower their taxes, a company that advises them said in a court filing seeking an exemption from federal court rules. (Mon, 29 Jul 2013 16:00:55 -0700)

Detroit bankruptcy, a setback for unions
Detroit's historic bankruptcy filing is a major setback for public employee unions that have spent years trying to ward off cuts to the pensions of millions of government workers around the United States. ... (Mon, 29 Jul 2013 22:01:05 -0700)

Detroit Bankruptcy Judge Proposes October Trial
Detroit Bankruptcy Judge Proposes October Trial (Tue, 30 Jul 2013 11:11:54 -0700)

Detroit's bankruptcy filing hurts Michigan bond sales
Detroit's bankruptcy threatens to change the rules of the municipal bond game and already is making it more expensive for the state's other struggling towns and school districts to borrow money and fund big infrastructure projects. (Tue, 30 Jul 2013 11:12:00 -0700)

Inside Teresa Giudice's Fraud Case: How Her Bankruptcy Filing Led to Criminal Charges
Joe and Teresa Giudice filed for bankruptcy in 2009 and dropped their petitions in 2011. So why were the Real Housewives of New Jersey couple just charged yesterday with, among other... (Tue, 30 Jul 2013 19:29:56 -0700)

Bankruptcy won't hurt jazz fest, other downtown events
The city of Detroit may be going through bankruptcy, but organizers say there will be little effect on the Detroit Jazz Festival or downtown events such as America's Thanksgiving Parade or the Ford Fireworks. (Wed, 31 Jul 2013 00:49:50 -0700)

Snyder's approval rating gets boost from bankruptcy, Medicaid decisions
Gov. Rick Snyder's decision to take Detroit into bankruptcy has statewide popularity, but his advocacy for expanding Medicaid has cost him support among fellow Republicans, according to a new poll released exclusively to The Detroit News. (Wed, 31 Jul 2013 00:52:57 -0700)

Snyder's approval rating gets boost from bankruptcy, Medicaid decisions
Gov. Rick Snyder's decision to take Detroit into bankruptcy has statewide popularity, but his advocacy for expanding Medicaid has cost him support among fellow Republicans, according to a new poll released exclusively to The Detroit News. (Wed, 31 Jul 2013 02:24:59 -0700)

San Diego Bankruptcy Lawyers at Golden State Law Group Alert Public to Important October Deadline
The San Diego bankruptcy lawyers at the Golden State Law Group have helped consumers and businesses that have encountered serious financial difficulties work through them with several different strategies ... (Wed, 31 Jul 2013 06:00:00 -0700)

My Small Biz Failed. Should I File Bankruptcy?
If a small business doesn't make it, think of other options to pay off debt before bankruptcy. (Wed, 31 Jul 2013 06:33:52 -0700)

Bankruptcy judge lets Detroit property owners appeal assessments
A U.S.bankruptcy judge cleared the way Wednesday for several Detroit property owners to file appeals of property assessments. (Wed, 31 Jul 2013 18:01:51 -0700)


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