After years of trying to work its way out of its $18 Billion deficit, the appointment of an Emergency Operator, bailouts of the automobile industry. and pleas by the Republican Presidential Nominee to let Motown go bankrupt, as of this afternoon, the City of Detroit has declared bankruptcy. Kevyn Orr, Emergency Operator for Motown, has …
Continue reading Detroit Goes Bankruptdebts
Welcome back to Talking Law with David Dorer. In this episode I want to discuss bankruptcy as a business move and not just something for broke people to do. Bankruptcy is a common strategy for corporations and individuals whom are insolvent, even though the Bankruptcy Code does not mention the word “insolvency” at all. Insolvency …
Continue reading Talking Law with David Dorer, Bankruptcy is a Business Move