Showing posts with label Bankruptcy. Show all posts
Showing posts with label Bankruptcy. Show all posts
Wednesday, October 28, 2020

It All Started Going Downhill When They Went Politically Correct On Their Menu

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Yet another restaurant establishment is going bankrupt and reorganizing due to the effects of our Governor Half-Whit's closure orders. T...
Friday, June 27, 2014

Bankrupt Detroit To Give Union Member Employees Raises

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The city is not even out of bankruptcy yet, and the contract they've negotiated gives a 5% pay raise on July 1, 2014, a 2.5% bonus in 20...
2 comments:
Wednesday, February 12, 2014

Counties Reluctant To Take Opaque Detroit Water Deal

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Two articles show Oakland and Macomb Counties fail to be taken in by the latest Detroit offer regarding its Water and Sewer Department: The...
Tuesday, December 03, 2013

Detroit Officially Goes Bankrupt

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Detroit News: Detroit eligible for bankruptcy A federal judge has ruled Detroit is eligible to file for the nation’s largest Chapter 9 b...
1 comment:
Friday, September 27, 2013

Detroit - When A Gift of $300 Million Is Not A Bailout

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Three hundred million bucks don't go as far as they used to. The Detroit News: Feds to bear gifts, but not bailout In what other coun...
Wednesday, September 25, 2013

So, How Bad Is It In Detroit?

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It's so bad, they're seriously considering replacing the lawn maintenance crews with goats and sheep, that's how bad it is. The...
2 comments:
Tuesday, June 25, 2013

EFM Orr to Bondholders: You F-ed Up. You Trusted Detroit.

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The Detroit News: Lenders take it on the chin in Orr's plan Emergency Financial Manager Orr just declared that bond holders with limit...
2 comments:
Friday, June 14, 2013

Detroit Goes Into Default, Bankruptcy May Follow

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Either EFM Kevyn Orr is trying to pull off the bluff of the century over Detroit's creditors, or the City is truly screwed - or both, ...
Friday, May 31, 2013

In Detroit, Art May Get To Imitate The City's Financial Life

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Hot on the heels of the art tax levy on Oakland, Macomb, and Wayne Counties to ensure fund the Detroit Institute of Arts after the City of D...
Tuesday, May 14, 2013

Detroit Dizzily Dances Round De Drain

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As noted by Right Michigan, Detroit is teetering on the edge of Chapter 9 bankruptcy: The Corpse Is Still In The Morgue . Go read it to get...
4 comments:
Thursday, February 21, 2013

Detroit Heading For Detoilet

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Neh State's financial report revealed, to no one's surprise, that Detroit is in a financial emergency situation with $14 billion in ...
Tuesday, January 29, 2013

De Rot Of Detroit

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Detroit City Council and the denizens of Detroit never miss an opportunity to miss an opportunity. The City Council decided to reject the st...
Friday, November 09, 2012

May the People Of Detroit Enjoy The Government They Elected

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Elections, as they say, have consequences, and in the case of Detroit one of those consequences will likely be bankruptcy. The votes by Det...
Saturday, February 19, 2011

You Can't Take The Text From Me

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Borders’ management opened their books this week and turned to Chapter 11 . When Borders announced it was declaring bankruptcy, it was qui...