Detroit, Michigan, eligible to file Chapter 9 bankruptcy

On December 5, 2013, Judge Steven Rhodes of the US Bankruptcy Court for the Eastern District of Michigan held that the city of Detroit had satisfied the five expressly delineated eligibility requirements for filing under Chapter 9 of the US Bankruptcy Code1 and so could proceed with its bankruptcy case.

Filed under:
USA, Michigan, Insolvency & Restructuring, Litigation, Mayer Brown, Bankruptcy, Sixth Circuit, US District Court for Eastern District of Michigan
Authors:
J. Robert Stoll , Sean T. Scott , Dr. Jens Peter Schmidt , Aaron Gavant
Location:
USA
Firm:
Mayer Brown