Detroit Analyst Grilled by Union Lawyer in Bankruptcy Trial
Did city do enough to try to avoid bankruptcy?
Did city do enough to try to avoid bankruptcy?
Currently having them appraised
Says years of litigation would be "horrendous"
Trustee program is intended to be independent and impartial
The story of the failing city reaches chapter nine
Will become a commercial printing company that no longer sells to consumers
Bankrupt Motown gives $450 million gift to the Red Wings owner
Sets mid-August deadline for all motions against bankruptcy declaration
Detroit in 2011 had around twice as many municipal employees per capita as cities with comparable populations.
Crony capitalism and crushing regulations kill entrepreneurs
What with them already being so dependent on the feds
Complicated situation for the biggest municipal bankruptcy
Was part of merger plan with US Airways
Former employees want to force closed facility into bankruptcy
Unable to make payment on $541 million in bonds
Company going through bankruptcy proceedings
Hope to bring Twinkies, Ding Dongs back to the stores
Striking employees now get to chow down on retraining money
A pre-packaged bankruptcy that requires state involvement would be politically explosive.
Apple, Google, Facebook among those making purchases amid Chapter 11 restructuring
Known for wrestling and Saint's Row games
Cheap natural gas has made its coal plants less competitive
All over, depending on who ends up with Hostess' assets
Company can now focus on getting out of bankruptcy