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Detroit Officially Enters Chapter 9 Bankruptcy
Detroit Officially Enters Chapter 9 Bankruptcy

On Tuesday, Federal Bankruptcy Judge Stephen Rhodes determined that the City of Detroit is eligible for Chapter 9 bankruptcy, ushering in a legal process that could have landmark decision written all over it. The city, with billions of dollars in outstanding debt owed, ...

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Blog posts in Chapter 9

  • Detroit Files for Chapter 9 Bankruptcy

    In a major, potentially precedent setting move, the City of Detroit filed for Bankruptcy protection under Chapter 9 of the Bankruptcy Code yesterday ...

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  • Stockton, California and Chapter 9 Bankruptcy

    Chapter 9 Bankruptcy, reserved for municipalities, is a relatively rare and murky area of bankruptcy law. The concept of an entire city or ...

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