Today’s column updates readers on major events that transpired in the high-profile bankruptcy cases of the City of Detroit, General Motors, Quiznos, Energy Future Holdings Corp. and Mt. Gox. The column discusses Detroit’s progress in developing a plan to exit bankruptcy protection. The column also focuses on litigation that brought General Motors back before the bankruptcy court and Quiznos’ recent confirmation of its plan of reorganization. Finally, the column discusses the developments in the recently filed bankruptcy proceedings of Energy Future Holdings Corp. and Mt. Gox.
City of Detroit
The City of Detroit sought bankruptcy protection under Chapter 9 of the Bankruptcy Code on July 18, 2013, making history as the largest municipality to seek bankruptcy protection to date.
