Bankruptcy Or Bust

Jury Is Still Out on Impact of New Bankruptcy Fee Rules

During the trial their representatives argued that the state did not negotiate in good faith prior to declaring bankruptcy, as is required by law. The city disagrees. It says it tried to negotiate, but met with a lack of cooperation from debtholders. Rick Snyder, Michigan's governor who approved the bankruptcy filing, described the move as a "very last resort" when he took the stand last month. But he avoided questions about the impact bankruptcy might have on pensioners.
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Detroit reaches first union deal since bankruptcy

At a time when the Ford Crown Victoria was still the dominate police cruiser, the E-7 seemed like a prop from RoboCop brought into reality. Carbon Motors pledged the E-7 would offer law enforcement every protection known, from armored doors to rear-hinged doors and back seats designed for handcuffed prisoners. The BMW diesel was supposed to provide superior fuel economy, and Carbon vowed an E-7 would last twice as long in service as a normal cop car up to 200,000 miles and beyond http://san-francisco-bankruptcy-lawyer.com which would offset a higher cost that Carbon never specified. It even managed to get the E-7 into a version of the "Need for Speed" video game. Despite all its sales pitches, Carbon executives could never close with the one investor who mattered most: the U.S. government.
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Carbon Motors E-7 super cop car heads to bankruptcy auction

You havent really seen the effect of whats going to happen yet, Christopher Ward , the co-chair of Polsinellis bankruptcy practice, told Bankruptcy Beat. However, Mr. Ward said the new fee guidelines were a very hot topic of conversation among restructuring pros at a widely attended bankruptcy conference in Atlanta, held Oct. 30 to Nov. 2. That conversation included debate as to whether bankruptcy judges will accept the new fee guidelines, which arent automatically legally binding but rather will influence when and how government watchdogs, called U.S. trustees, object to fee requests. There was a definitely a line of thinking among restructuring professionals that some judges may not accept the guidelines as the law of their court, Mr. Ward said.
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How Bankruptcy Affects College, Grad School Financing

"I was told that a bankruptcy within 5 years has no appeal - there is nothing they could do and I should talk to my financial aid department," one student wrote on a financial aid forum in 2010 . "So I went in to the financial aid department. They told me I should appeal the direct loans again, or apply for a private loan. Direct Loans told me again there was nothing they could do, and to go back to financial aid. I feel like a 'Go ask your mother, go ask your father' game is going on." Trying to fund your education? Get tips and more in the U.S. News Paying for College center. Kelsey Sheehy is an education reporter at U.S.
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