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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] Detroit is also the largest city by population in ...
Bruce Nordin (acting) www.miwd.uscourts.gov. The United States District Court for the Western District of Michigan (in case citations, W.D. Mich.) is the federal district court with jurisdiction over the western portion of the state of Michigan, including the entire Upper Peninsula and the Lower Peninsula from Lansing westward. Appeals from the ...
Theodore Levin United States Courthouse in Detroit, taken January 2010. Federal Building and U.S. Courthouse in Port Huron, taken August 2003.. The United States District Court for the Eastern District of Michigan (in case citations, E.D. Mich.) is the federal district court with jurisdiction over the eastern half of the Lower Peninsula of the State of Michigan.
Just for Feet – bankrupt in 1999, acquired by Footstar, final stores closed in 2004. MC Sports – filed for bankruptcy and closed in 2017. Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores.
Borders store closing, Pittsfield Township, Michigan. On February 16, 2011, the company announced that it had filed for Chapter 11 bankruptcy protection, listing $1.275 billion in assets and $1.293 billion in debts in its filing. [54] [55] The company also announced the liquidation and closing of 226 stores. [56]
In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt. The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset ...
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]
Fort Lauderdale, Florida, U.S. Political party. Democratic. Education. University of Michigan (BA, JD) Kevyn Duane Orr[1] (born May 11, 1958) is an American lawyer who served as the emergency financial manager of the city of Detroit from 2013 to 2014 during the city's Chapter 9 bankruptcy. [2][3] Orr is now a partner at the law firm Jones Day ...