Bankruptcy Judge

Type: Keyphrase
Name: Bankruptcy Judge
First reported 17 hours ago - Updated 9 hours ago - 2 reports

Detroit’s record bankruptcy is likely to hit investors much harder than pensioners

It appears these protesters may mostly have their way as Detroit's record $18 billion bankruptcy wends it way toward a resolution. (Photo by Bill Pugliano/Getty Images) As Detroit slowly makes its way toward a possible emergence this fall from the ... [Published Ezra Klein - 15 hours ago]
First reported 18 hours ago - Updated 18 hours ago - 1 reports

Insurer Must Pay $500M to Resolve Asbestos Case

By ADAM KLASFELDMANHATTAN (CN) - Insurers for the now-defunct top manufacturer of asbestos must pay more than $500 million to resolve settlement agreements in longstanding tort litigation, the 2nd Circuit ruled on Tuesday.For about 60 years, Johns-Manville ... [Published Courthouse News Service - 18 hours ago]
First reported 19 hours ago - Updated 19 hours ago - 1 reports

Combat-Boot Maker Wellco Headed to Auction Block

(c) 2014 Dow Jones & Company, Inc.Combat-boot maker Wellco Enterprises Inc . is headed to the auction block with a $6.9 million starting bid as the company races to secure a buyer before the U.S. military pulls contracts that contribute heavily to its ... [Published Dow Jones Financial Information Services - 19 hours ago]
First reported 21 hours ago - Updated 21 hours ago - 1 reports

Gaza rocket lands near Israel's main airport

Gaza rocket lands near Israel's main airportUpdated: Tuesday, July 22 2014 12:08 PM EDT 2014-07-22 16:08:12 GMTAs a result, Delta Air Lines says it is canceling all flights to Israel until further notice.As a result, Delta Air Lines says it is canceling ... [Published State Journal - 21 hours ago]
First reported Jul 21 2014 - Updated 21 hours ago - 2 reports

Expert says Detroit bankruptcy plan is feasible

DETROIT (AP) - An expert hired to advise Detroit's bankruptcy judge says the city's plan to get out of Chapter 9 is feasible but there still are many challenges. Marti Kopacz says the city's computer system "is so broken" that it threatens to thwart ... [Published The Washington Times stories: News - Jul 22 2014]
First reported Jul 22 2014 - Updated 22 hours ago - 3 reports

Detroit Pensioners Approve City's Bankruptcy Plan

Detroit moved one step closer toward bankruptcy after crossing a major hurdle on Monday.With a large margin, retired police and firefighters approved modest cuts in their pensions that are part of the city’s bankruptcy plans.The Detroit News reports:“About ... [Published Oregon Public Broadcasting - 22 hours ago]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

The Grand Bargain is given the green light by Detroit's retirees

6:32 a.m. EDT by DETROIT (WKZO) -- The City of Detroit’s retirees have voted to go along with the Grand Bargain.That vote will allow Federal bankruptcy Judge Steven Rhodes the option to tap into a pool of 816-million dollars pledged by foundations, businesses, ... [Published WKZO-AM - Jul 22 2014]
First reported Jul 21 2014 - Updated Jul 22 2014 - 2 reports

Vinik cleared to buy Channelside

TAMPA (FOX 13) -The owner of the Tampa Bay Lightning will become the proud owner of Channelside.A judge has approved a settlement that will give Jeff Vinik control of the waterfront property. He already won an auction with a $7.1-million bid on the l ... [Published WTVT FOX 13 - Jul 21 2014]
First reported Jul 21 2014 - Updated Jul 22 2014 - 1 reports

Final 'grand bargain' vote to be read Monday

It's decision day in Detroit's bankruptcy case as the final vote on the so-called grand bargain is read in court.Bankruptcy Judge Steven Rhodes will hear the final vote count with a majority of retirees having approved the plan.The grand bargain will ... [Published ClickOnDetroit.com - Jul 21 2014]
First reported Jul 21 2014 - Updated Jul 22 2014 - 10 reports

Detroit agrees to bankruptcy plan, pension cuts

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 ... [Published CNBC - Jul 22 2014]
First reported Jul 21 2014 - Updated Jul 22 2014 - 3 reports

Detroit due to report results from pension vote

Detroit due to report results from pension voteUpdated: Monday, July 21 2014 7:22 PM EDT 2014-07-21 23:22:14 GMTThe city of Detroit isn't ready to report the results of voting on pension cuts by retirees and workers.The city of Detroit isn't ready to ... [Published MyFox Detroit - Jul 22 2014]
First reported Jul 21 2014 - Updated Jul 21 2014 - 1 reports

Monday could be a big day in Detroit

9:17 p.m. EDT by DETROIT (WKZO) -- The Detroit Free Press is reporting that it appears that pensioners have approved the “Grand Bargain”.We will find out one way or another today when the California firm counting the votes reports the outcome to Bankruptcy ... [Published WKZO-AM - Jul 21 2014]

Quotes

"I want to thank city retirees and active employees who voted for casting aside the rhetoric and making an informed, positive decision about their future and the future of the city" said Kevyn Orr, the state-appointed emergency manager who has been handling Detroit's finances since March 2013
...when cities are negotiating with unions," says DiSalvo, who is a senior fellow at the Manhattan Institute's Center for State and Local Leadership. "They can say that this is out there in a way that couldn't or wouldn't have been done before."
"The bankruptcy court correctly understood that the direct actions fall within the scope of the 1986 orders, as suits of this sort always have" former Justice David Souter wrote at the time for the majority
Writing for a three-judge appeals court panel, Circuit Judge Ralph Winter said Koeltl's interpretation "could not reasonably have been intended by the parties, whatever Travelers' private hopes and dreams, and is not supported by the language of the agreements."

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Bond insurers grow 'more isolated' in oppositio... [Published Detroit News - 9 hours ago]
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Freedom executives want legal costs paid [Published Charleston Gazette - 13 hours ago]
Vote on plan of adjustment major win for Orr; o... [Published Detroit Free Press - 14 hours ago]
Detroit bankruptcy: Pensioners clear plan, cred... [Published Christian Science Monitor - 15 hours ago]
Detroit’s record bankruptcy is likely to hit in... [Published Ezra Klein - 15 hours ago]
Deal In Detroit Could Signal Cuts To Pensions E... [Published WVPE 88.1 - 17 hours ago]
Detroit Retirees And Workers Approve Pension Cu... [Published Think Progress - 18 hours ago]
Insurer Must Pay $500M to Resolve Asbestos Case [Published Courthouse News Service - 18 hours ago]
Combat-Boot Maker Wellco Headed to Auction Block [Published Dow Jones Financial Information Services - 19 hours ago]
DWSD to host water fair in wake of 15 day morat... [Published MetroTimes.com - 19 hours ago]
Detroit's Fight for Water Rights Is Showing How... [Published The Nation - 19 hours ago]
Court: Ex-judge Wade McCree immune from civil suit [Published MyFox Detroit - 20 hours ago]
Water Shut-offs Delayed, But Angry Residents Pe... [Published Clawson Patch - 20 hours ago]
Gaza rocket lands near Israel's main airport [Published State Journal - 21 hours ago]
Bankruptcy Update: Plan of Adjustment Voting Re... [Published WDET 101.9FM - 21 hours ago]
UPDATE 1-Travelers ordered to pay over $500 mln... [Published Reuters - 21 hours ago]
'Water affordability fair' scheduled for Detroi... [Published Detroit Free Press - 22 hours ago]
Detroit Pensioners Approve City's Bankruptcy Plan [Published Oregon Public Broadcasting - 22 hours ago]
Detroit's debt-cutting plan gets big but not co... [Published Detroit News - 23 hours ago]
Detroit Pensioners Approve City's Bankruptcy Plan [Published NHPR - Jul 22 2014]
GM bankruptcy: How corporate polluter saved $16... [Published Syracuse Online - Jul 22 2014]
Detroit Suspends Water Shutoffs After Protests ... [Published Triple Pundit - Jul 22 2014]
The Grand Bargain is given the green light by D... [Published WKZO-AM - Jul 22 2014]
Detroit retirees and workers approve bankruptcy... [Published Metro Detroit Business - Jul 22 2014]
Official vote tally shows big support for Detro... [Published Detroit News - Jul 22 2014]
Detroit agrees to bankruptcy plan, pension cuts [Published CNBC - Jul 22 2014]
Detroit Workers Vote for Benefit-Cutting Bankru... [Published Bloomberg - Jul 22 2014]
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Blogs

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Detroit’s record bankruptcy is likely to hit in... [Published Ezra Klein - 15 hours ago]
It appears these protesters may mostly have their way as Detroit's record $18 billion bankruptcy wends it way toward a resolution. (Photo by Bill Pugliano/Getty Images) As Detroit slowly makes its way toward a possible emergence this fall from the ...
Detroit Retirees And Workers Approve Pension Cu... [Published Think Progress - 18 hours ago]
Michigan Gov. Rick Snyder (R) and the man he appointed to manage Detroit’s financial emergency, Kevyn Orr CREDIT: AP Detroit’s bankruptcy plan won broad approval from workers and retirees on Monday as city workers opted to support a deal that includes ...
Pennsylvania B'kruptcy Court Voids Sale Leaseba... [Published The Home Equity Theft Reporter Cases & Articles - Jul 22 2014]
(The following post is a revised version of an entry originally posted on March 29, 2010).A recent ruling of a Federal bankruptcy court in Philadelphia, Pennsylvania provides a roadmap for one way in which a sale leaseback, equity stripping foreclosure ...
Detroit to Temporarily Halt Water Shutoffs [Published TIME.com - Jul 22 2014]
The Detroit Water and Sewerage Department announced Monday that it will halt its impending water shutoffs for 15 days to allow residents more time to show they cannot pay their bills. The announcement occurred the same day 10 residents, along with ...
Detroit Stops Water Shutoffs -- Temporarily [Published Crooks and Liars - Jul 21 2014]
After last week's high profile protests and a stern rebuke by the bankruptcy judge, Detroit Water and Sewage Department is suspending water shutoffs in order to give people who cannot pay their bills an opportunity to work out a plan. Detroit Free ...
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Press Releases

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Lehman Bankruptcy Judge James M. Peck To Join M... [Published Financial Services - Feb 19 2014]
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