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Mealeys

MLex

City of Detroit, Michigan

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Case overview

Case Number:

2:13-bk-53846

Court:

Michigan Eastern

Nature of Suit:

Firms

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  1. June 09, 2014

    Judge Postpones Detroit Bankruptcy Trial Until August

    A Michigan bankruptcy judge on Monday postponed a trial to finalize the bankrupt city of Detroit's plan to pay its creditors by nearly a month, saying the parties needed more time to prepare the massive amount of information that will be presented in the case.

  2. June 03, 2014

    Detroit Must Defend Legality Of Plan As Senate OKs Funding

    Detroit's lawyers were ordered by a judge to show that their plan's treatment of bondholders, public workers and retirees does not violate the Bankruptcy Code and Michigan law as the Michigan Senate approved a series of bills Tuesday that will provide the city $195 million.

  3. May 23, 2014

    Detroit Expert Says Plan Feasibility Report May Be Delayed

    Attorneys for the woman tasked with evaluating Detroit's bankruptcy exit plan before it is considered by a judge said Friday that she may not be able to complete the job if the city doesn't provide her with necessary financial information that they say is being withheld.

  4. May 21, 2014

    Detroit's State Aid Moves Ahead As JPMorgan Pledges $100M

    A panel of Michigan lawmakers advanced a package of legislation aimed at boosting Detroit's finances and pension system Wednesday, just as JPMorgan Chase & Co. announced plans to invest $100 million into the floundering city over the next five years.

  5. May 20, 2014

    Mich. Lawmakers To Vote On $195M Detroit Legislation

    A panel of Michigan lawmakers are set to vote Wednesday on a package of bills that would infuse $194.8 million into Detroit, install a committee that would oversee the city's finances and overhaul its pension system.

  6. May 19, 2014

    Police, Firefighter Unions Attack Detroit Bankruptcy Plan

    Detroit's largest police and firefighter unions formally joined the growing opposition to the bankrupt city's proposed debt adjustment plan this weekend, saying they have not been able to reach a resolution with the city on the terms of pension benefits moving forward.

  7. May 16, 2014

    Fall Deadline For Detroit May Be 'Unrealistic,' Judge Says

    The Michigan Legislature's hope of seeing Detroit wrap up its bankruptcy by the end of September may be "unrealistic" thanks to the unpredictability of the case, a bankruptcy judge said on Thursday.

  8. May 13, 2014

    US, Bond Insurers Fight Detroit Bankruptcy Plan

    Detroit was hit with an onslaught of last-minute objections to its proposed bankruptcy exit plan Monday, with challenges coming in from the federal government and a string of municipal bond insurers in the final hours before a court-imposed objection deadline.

  9. May 12, 2014

    Jones Day Blasted For Leaking Docs In Detroit Ch. 9 Case

    The Michigan federal judge overseeing Detroit's bankruptcy case on Monday reportedly scolded attorneys from Jones Day for inadvertently leaking confidential documents to many of the city's creditors.

  10. May 12, 2014

    Detroit Plan Threatens Muni Bond Market, SIFMA Says

    The Securities Industry and Financial Markets Association on Monday told a Michigan bankruptcy court that Detroit's proposed plan to exit Chapter 9 isn't confirmable, saying its treatment of certain bondholders is so poor that it threatens the status quo of the municipal bond market.