What’s New in Michigan Bankruptcy Law?

  • 01/24/2016: Detroit’s residential property owners will have lower property tax bills this year. – Detroit News
  • 01/19/2016: Federal Judge orders Michigan Unemployment Insurance to suspend all collection activity. – Freep
  • 09/04/2014: Opening Arguments: Who talked and for how long? – Next Chapter Detroit
  • 08/03/2014: Judge Rhodes on a bus tour of Detroit. – Freep
  • 03/11/2014: Retiree committee will be protected against potential future lawsuits – Detroit Free Press
  • 02/21/2014: Detroit bankruptcy plan to slash benefits up to 34% –
  • 02/10/2014: Chrysler pays $5B to UAW trust to complete buyout plan – The Detroit News
  • 02/09/2014: Mlive gives a quick update to the ongoing City of Detroit Bankruptcy with “6 things to know right now.”
  • 02/05/2014: Don’t shoot the messenger… CNN is reporting that Detroit owes over $13 million to the lawyers and consultants who worked for the first three months of the city’s bankruptcy proceedings. Those fees also seem to be just the tip of the coming iceberg. “Detroit’s bankruptcy fees near $14 million, and counting“
  • 01/29/2014: The Free Press is reporting that the City of Detroit gave its creditors a plan of adjustment for the ongoing Chapter 9 bankruptcy. The city plans to file the proposed plan with the bankruptcy court in two weeks. “Detroit sends blueprint for way out of bankruptcy to creditors“
  • 01/22/2014: Gov. Snyder recommended that the State of Michigan help resolve the City of Detroit’s bankruptcy by contributing $350 million. The money would be paid over 20 years and needs legislative approval. From Crain’s Detroit Business.