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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]
Michigan portal; Chapter 9, Title 11, United States Code, a chapter of the United States Bankruptcy Code, available exclusively to municipalities, that assists them in the restructuring of debts. Education Achievement Authority, a Michigan statewide school system for failing schools; Municipal Assistance Corporation, New York State receivership ...
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. At the time of the announcement, Modell's was the world's oldest sporting goods chain
The November bankruptcy filing leaves at least 15 EMS agencies across the state in financial distress and endangers the availability of emergency services for Michiganders in the eastern U.P.
The first PureSleep store opened in Canton, Michigan in July 2009, and by 2020, there were 60 PureSleep stores, plus a PureSleep department in every full-line Art Van location. [ 34 ] [ 35 ] As part of Art Van's bankruptcy filing, all remaining standalone PureSleep locations closed permanently on March 16, 2020.
Hardware wholesaler True Value has filed for bankruptcy, plans to sell its business to Do It Best. Both brands have multiple Lansing-area affiliates. True Value files for bankruptcy after 75 years ...
On July 18, 2013, Detroit, Michigan became the largest city in the history of the United States to file for Chapter 9 bankruptcy protection. Jefferson County, Alabama , in 2011, and Orange County, California , in 1994, are also notable examples.
The first time Joann filed for Chapter 11 bankruptcy protection was in March 2024. In a statement , the Ohio-based retailer said it had secured approximately $132 million in new financing and ...
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