New Hearing on Bankruptcy Filing, New Bankruptcy Rules?

Although former governor Jennifer Granholm had rejected an earlier request by the suburb of Detroit, City Manager Bill Cooper is hoping Governor Rick Snyder will reopen the request and allow the city to work itself out of its financial problems without taking on additional debt.

Local Bankruptcies

“In the last year, these markets have not plunged but have increased,” Hiles said on Friday. “Individuals have significant asset values in financial markets directly or indirectly in pension funds. The U.S. stock market indexes have shown increases over the year. … Locally, the asset value of real estate holdings makes up a significant portion of assets for many individuals and corporations. The market value of Guam real estate as indicated by market prices has also been generally rising as have sales volume in the last year.”

Free Chapter 7 filings

“The biggest challenge for us is getting people past the notion that they are doing something wrong and in the door so we can help them,” said attorney Trunnel. “By the time most people actually file for bankruptcy, they have already been a qualified client for over a year!”

Mediacom Reach Extension

COLUMBIA – KOMU 8 General Manager Marty Siddall said late Friday night that the station and Mediacom have agreed to a temporary extension that will allow the cable company to carry KOMU 8 programming through Monday to continue negotiations. The station and cable system will continue to work toward a mutually beneficial agreement in that time. This means Mediacom viewers will not lose KOMU 8 programming on Saturday.