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The case arose from the high-profile bankruptcy of Chrysler, in which the U.S. Treasury orchestrated a sale under Section 363 of the Bankruptcy Code to avoid the debtors' having to fully compensate a group of first lien priority creditors, which included roughly 100,000 retired teachers and police officers from Indiana.
Hamtramck, Michigan: City 2010 22,400 In 2010, the city of Hamtramck, Michigan requested permission from the Governor under Michigan's authorizing law to file a petition for Chapter 9 Bankruptcy, [57] but was denied. Instead of bankruptcy, the treasury advised that Hamtramck be offered a selection of loan options. [58] Denied by courts
By contrast, a bankruptcy is a legal process, under federal law, to systematically sort out debt obligations under the supervision of a judge. [3] There are no provisions in U.S. bankruptcy law that authorizes a state to declare bankruptcy. [3] The states were borrowing to fund transportation investments as well as raising capital to start new ...
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[202] purchased by Petrie Stores in 1983; closed during bankruptcy in 1998. [345] Wonderland Discount Department Stores, Laporte and Michigan City, Indiana and Dowagiac, Niles and South Haven, Michigan [346] Woolworth [256] W.J. Loder Hardware Store, purchased in 1893 by J.B. Sperry, Port Huron [324] [325] [326] W.T. Grant; Wurzburg's, Grand ...
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Details from the Detroit bankruptcy filing. The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. [1]
Larry Dean Thompson (J.D.), lawyer; deputy Attorney General of the United States under United States President George W. Bush until August 2003 [52] William Wheeler Thornton (LL.B. 1876), judge; author; Indiana Deputy Attorney General; Indiana State Supreme Ct. Librarian; Norman O. Tietjens (J.D. 1930), judge of the United States Tax Court [53 ...
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