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Detroit's revised bankruptcy plan sheds light on bonds, monitor

(Reuters) - Detroit released a revised debt adjustment plan on Friday that details the role of a post-bankruptcy monitor and sets up a reserve fund to possibly enhance recoveries for certain creditors. The fifth revision of the plan filed in U.S ...

Detroit seeing upgrades ahead of bankruptcy trial

In the little more than a year since state-appointed emergency manager Kevyn Orr made Detroit the largest U.S. city to seek bankruptcy protection, it has experienced a wide range of improvements that will factor into Judge Steven Rhodes' decisions during ...

Puerto Rico debt crisis headed for US-style bankruptcy resolution

The Puerto Rican government and most of its creditors have hired U.S.-based bankruptcy experts to advise them through the Caribbean island’s efforts to solve its debt problem, and the resolution figures to look a lot like a U.S.-style bankruptcy.

Detroit Takes Major Step Forward in Bankruptcy Plan

In a major step forward for Detroit's efforts to overcome bankruptcy, the city's retirees and active employees have approved the city's proposed debt-cutting plan late Monday. The approval by 82 percent of police and fire retirees and 73 percent of general ...

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federal bankruptcy courts - United States Courts

Updated 12 hours ago

Bankruptcy laws help people who can no longer pay their creditors get a fresh start – by liquidating assets to pay their debts or by creating a repayment plan.

Bankruptcy - Wikipedia, the free encyclopedia

Updated 21 hours ago

Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court ...

Bankruptcy - Chapter 7, 13 & 11 -

Updated July. 26, 2014

Learn about bankruptcy (Chapter 7, Chapter 13, and Chapter 11) for consumers and business owners. Find out how bankruptcy works, what debts are discharged, what ...

U.S. Courts: Bankruptcy Basics - United States Courts

Updated 16 hours ago

Bankruptcy Basics is a publication of the Bankruptcy Judges Division of the Administrative Office of the U.S. Courts. It provides basic information to debtors ...