Tag Archives: Bankruptcy

City of Chicago, Illinois v. Fulton: The Supreme Court Shifts the Burden to Debtors to Reacquire Their Vehicles

CHRISTIAN DE LA OSA—On January 14, 2021, the United States Supreme Court decided City of Chicago, Illinois v. Fulton. In a unanimous decision, the Supreme Court held that “mere retention” of property of the estate after a bankruptcy petition has been filed does not violate the Bankruptcy Code’s “automatic stay.” At first glance, this decision […]

Debt Forever

BRANDON SIMON—Our parents instructed us to go to school and get a job. They said it was a wise investment that would pay off at the end of the day. They told us we need a college degree to get a job. An even heavier proposition is what our parents failed to tell us: our […]

Detroit’s Financial Crisis Sparks New Scrutiny of Michigan Receivership Law

BY MICK ERLANDSON — On March 14th, Michigan Governor Rick Snyder selected Kevyn Orr, a bankruptcy attorney at Jones Day, to become the most high profile emergency manager to date, assuming nearly autocratic control over the municipality of Detroit.  The controversial move is intended to help the dire financial situation of the city, which sits […]