Detroit To Chrysler: Where Are My Taxes?

Law360, New York (January 15, 2010, 6:12 PM EST) -- The city of Detroit and two nearby counties have filed an objection to the disclosure plan of Old Carco LLC, saying a lack of detail leaves their property tax situation up in the air.

The city of Detroit and the treasurers for Wayne and Oakland counties asked the U.S. Bankruptcy Court for the Southern District of New York to require Old Carco to explain who will own several parcels of property in their districts after the bankruptcy concludes.

Old Carco is the “Bad Chrysler” left from...
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