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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

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  1. December 02, 2013

    Detroit Workers Rip $350M Loan Plan As Ch. 9 Ruling Looms

    As the city of Detroit awaits a bankruptcy judge's ruling on whether it is eligible for Chapter 9 relief, public-sector workers and retirees continue to battle its efforts to move forward, specifically with respect to $350 million in financing, according to court documents filed last week.

  2. November 14, 2013

    Detroit Can't Keep Fees For $350M Barclays Loan Secret

    The Michigan bankruptcy judge overseeing Detroit's Chapter 9 proceedings on Thursday shot down the city's request to keep the fees attached to its $350 million financing package from Barclays Capital Inc. under wraps following outcry from unions and retirees.

  3. November 08, 2013

    Bond Insurers Sue Detroit After $9M In Missed Payments

    Three bond insurers sued Detroit in Michigan bankruptcy court on Friday, a week after the city missed a deadline for $9.4 million in interest payments, saying it is legally obligated to use tax proceeds to pay back the debt it incurred for capital improvements.

  4. November 07, 2013

    US Defends Constitutionality Of Detroit Bankruptcy

    The U.S. on Wednesday lobbied a Michigan federal judge to reject a labor union's arguments challenging the constitutionality of Detroit's bankruptcy, saying the union's argument runs contrary to Congress and the Supreme Court.

  5. October 29, 2013

    UAW Challenges Detroit's Bid For Bar Date

    The United Auto Workers asked a Michigan bankruptcy judge Monday to deny the city of Detroit's bar date motion, claiming that the bankrupt municipality is attempting to block it from asserting claims on behalf of city workers related to pension underfunding.

  6. October 22, 2013

    Detroit Retirees Say City Illegally Cut Health Benefits

    A committee of retired workers on Tuesday sued the city of Detroit in Michigan bankruptcy court, asking a federal judge to block the city's 2014 retiree health care plan, which the committee alleges violates the Michigan and United States constitutions by breaching the city's contracts with its retirees.

  7. October 18, 2013

    Detroit Needs To Hand Over Jones Day Docs, Union Says

    The International Union, United Auto Workers asked a Michigan federal bankruptcy judge on Thursday to compel the city of Detroit to produce communications between the city and lawyers at Jones Day made before the city filed for bankruptcy.

  8. October 18, 2013

    Unions Say Detroit Can't Show It's Insolvent

    Two of the unions representing Detroit's public-sector retirees told a U.S. bankruptcy judge Thursday that the city has failed to prove it is insolvent, making it ineligible for Chapter 9 bankruptcy protection.

  9. October 17, 2013

    Detroit's Cash Flow Improves As City Ceases Debt Payments

    Detroit experienced a dip in revenue but a slight boost in cash flow in the past three months as it avoids paying unsecured bond debt and making contributions to pension funds during its Chapter 9 bankruptcy proceedings, according to a report released Wednesday.

  10. October 16, 2013

    Mich. Says Funding State Court In Detroit Is City's Problem

    The state of Michigan on Tuesday challenged a union's claim that it must fund the state district court in Detroit if the city can't, claiming a bankruptcy court can't compel the city or the state to provide alternate sources of funding.