Is it time to replace Detroit’s emergency manager?

January 17, 2014

The market reaction to Detroit’s bankruptcy ruling

December 4, 2013

Fitch Ratings managing director Amy Laskey talked to Fox Business about how Detroit is a unique story in muniland. Fitch published a research note on the bankruptcy ruling and concluded that Detroit’s ruling would not lead to a “spate” of local bankruptcies in Michigan:

Detroit is eligible for bankruptcy – How it happened

December 3, 2013

Detroit was ruled eligible for Chapter 9 bankruptcy protection on Tuesday. Twitter coverage of the federal eligibility hearing tracked the history. Here are the highlights:

Detroit bankruptcy hearing – Closing arguments

November 11, 2013

Tweets from the final day in the federal trial to determine if Detroit is eligible for Chapter 9 bankruptcy protection:

Detroit bankruptcy hearing – Day 8

November 7, 2013

It was the last day of testimony in Detroit’s bankruptcy eligibility hearing. Here are some tweets leading up to the closing arguments on Friday:

Detroit bankruptcy hearing – Day 7

November 7, 2013

It is a real hand-to-hand fight in Detroit as creditors seek to establish that emergency manager Kevyn Orr did not conduct “good faith” negotiations prior to filing Chapter 9 bankruptcy for the city. It’s surprising that the city is not arguing that there were too many creditors to negotiate. The bankruptcy code allows a debtor to use this provision to escape conducting negotiations. Here are tweets from Tuesday:

Detroit bankruptcy hearing – Day 6

November 4, 2013

The sixth day of Detroit’s bankruptcy eligibility hearing was about whether the city negotiated in good faith with creditors. Detroit’s emergency manager Kevyn Orr (@MotownEM) returned to the stand to continue his testimony. Orr was appointed emergency manager on March 14, 2013. Here is the coverage from journalists and others on Twitter:

Detroit’s bankruptcy hearing – Day 5

October 29, 2013

On Tuesday Detroit’s emergency manager Kevyn Orr returned to the witness stand to be grilled by creditor attorneys. This is likely to be some of the most important testimony of the eligibility trial.

Detroit’s bankruptcy hearing – Day 4

October 28, 2013

In day four of Detroit’s bankruptcy eligibility hearing some big issues with both state and federal ramifications were addressed. It was the first time in American history that a sitting governor was called to testify in a Chapter 9 municipal bankruptcy case.

Detroit bankruptcy hearing – Day 2

October 24, 2013

If you want to follow Detroit’s historic bankruptcy trial, Twitter is the way to do it. The court does not provide a video or audio feed, but there is a scrum of excellent local and national reporters tweeting throughout the day. Here are some of the best tweets: