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(The Center Square) – Emergency Medical Service providers in Michigan’s eastern Upper Peninsula now have no way of directly recouping nearly $6 million in unpaid claims after Wellpath Holdings ...
Certain scholars and politicians have advocated for a reform of the law to allow states to seek bankruptcy. [6] [3] [4] They argue that the law will require voluntary consent by the state and will not give the federal government or creditors the power to force a bankruptcy; therefore it would not interfere with state sovereignty or be unconstitutional.
Former federal judge Gerald Rosen has written the first in-depth account by an insider participant in the city's 2013-14 bankruptcy. Judge’s new book exposes secrets, deals of Detroit’s ...
Pottow has provided commentary on legal issues in a variety of forums including New York Times, [27] USA Today, [28] and NPR. [3] [7] [29] He has been an expert witness in several commercial law cases. [15] He is a member of the American Bankruptcy Institute and is a member of the American Bankruptcy Institute Law Review advisory board. [30]
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 Washington Park, Illinois: City 2010 4,200
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]