bankruptcy

We've lost hundreds of thousands of people because of COVID, and businesses are not immune to its effects, either.

We now have a glimpse of what went wrong for the once-proud, family-run business.

The chain has 16 stores throughout Michigan, including one in Flint Township at the mall.

The Michigan-based sporting good store announced earlier this week that it is planning to file for Chapter 11 bankruptcy protection.

A federal judge today approved a plan to end Detroit's Chapter 9 bankruptcy. According to the Detroit Free Press, Judge Steven Rhodes ruled that Detroit's comprehensive restructuring plan is fair and feasible and allows for the city to slash more than $7 billion in unsecured liabilities and reinvest $1...

On Friday morning, Governor Rick Snyder signed legislation into law that creates the state's contribution to Detroit's "Grand Bargain" settlement. In doing so, the governor said the historic, bipartisan legislation shows all Michigan stands together in Detroit's revitalization...

On Thursday, the Michigan House of Representatives approved an 11-bill package worth just under $195 million that would aid Detroit in its attempt to emerge from bankruptcy. The package would protect pensioners and keep the city on its path toward revitalization...

Gov. Rick Snyder today offered the following statement on U.S. Bankruptcy Judge Steven Rhodes’ determination that Detroit is eligible to proceed with bankruptcy proceedings under Chapter 9:   “Today, the federal court allowed Detroit to stay on the path toward a brighter future.  A future where...

The City of Detroit has been ruled eligible for Chapter 9 bankruptcy today, making it the largest U.S. city ever to become so. In a ruling from U.S. Bankruptcy Judge Steven Rhodes, it was declared that the city met the specific legal criteria required to receive protection from creditors...

Flint Emergency Manager Mike Brown spoke with WFNT's Jason Cooper on Thursday. In the conversation, Brown addressed why unlike Detroit, bankruptcy is not a viable option for Flint. He also addressed the criticism that the city wasn't properly using funds received from last November's public safety millage to hire more police officers, new business in downtown Flint, and more...