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Critical Detroit bankruptcy hearing delayed by one week

(Reuters) - The start of a critical hearing on Detroit's plan to adjust $18 billion of debt and exit bankruptcy will be delayed by one week to Aug. 21, a federal judge ruled on Tuesday. U.S. Bankruptcy Court Judge Steven Rhodes rejected a request by city ...

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 ...

Detroit bankruptcy trial delayed until Aug. 21

DETROIT — A trial to determine if Detroit gets out of bankruptcy has been delayed by a week to Aug. 21. Judge Steven Rhodes filed a new schedule Tuesday. Some creditors wanted a longer postponement, but he settled on seven days. Rhodes found ...

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.

Web results for “bankruptcy

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federal bankruptcy courts - United States Courts

Updated July. 30, 2014

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 July. 31, 2014

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 22 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 ...