bankruptcy
Bankruptcy In The Cards For Fisker Automotive?
Electric sports car maker Fisker Automotive has laid off about 160 people at its California headquarters.
‘Entertainment Book’ Publisher Closes Up Shop
The Entertainment Book popular gift and, since 1962, a way for metro Detroiters to save some cash.
Experts Split On Detroit’s Fiscal Recovery Options
In less than a month, Michigan Gov. Rick Snyder will decide whether the state will take over Detroit’s broken finances and send in someone to oversee the city’s fiscal recovery.
Expert: Detroit Could Go Bankrupt Before End Of Year
Projections show Detroit’s cash on hand dropping as low as $3.6 million by Dec. 21. It stood at $53 million on Friday.
American Suzuki Motor Corp Files For Chapter 11 Bankruptcy
American Suzuki Motor says it decided to exit the car business because of slow sales, unfavorable foreign exchange rates and high costs due to U.S. regulatory requirements
Bankruptcy Court Confirms Liquidation Plan For ECD And United Solar
Energy Conversion Devices Inc. (OTC: ENERQ.PK) and its wholly-owned subsidiary United Solar Ovonic LLC last week announced that the United States Bankruptcy Court for the Eastern District of Michigan has confirmed its Second Amended Joint Plan of Liquidation.
Ex-MSU Football Coach John L. Smith Facing Bankruptcy
John L. Smith always believed real estate development was the safest investment of all, saying “you may not make money, but you won’t lose money.”
Bank Extends Detroit Deadline, Delays Cash Crunch
A bank is extending a deadline on a bond transaction that will let the city of Detroit get most of June’s revenue sharing payment from the state.
Ex-Mayor Kilpatrick’s Sister Files For Bankruptcy
The Detroit News and Detroit Free Press report Monday that Ayanna Kilpatrick claims to owe $345,000 and have monthly expenses of over $3,900.
Energy Conversion Devices, United Solar Ovonic Schedule Auction of Bankrupt Assets
The sale of United Solar as a going concern won’t happen. Its parent company, Energy Conversion Devices, Monday announced that the assets related to the United Solar Ovonic LLC thin, flexible solar panel business will be sold at auction June 26.



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