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Judge: Detroit Eligible for Chapter 9 Bankruptcy

DETROIT (ED WHITE, Associated Press) — A judge says Detroit is eligible to fix its finances in bankruptcy court.

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Detroit
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Judge Begins First Hearing on Detroit Bankruptcy

DETROIT (AP) — Lawyers are crowded into a Detroit courtroom, for the first hearing in the city's bankruptcy case.

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Category: National News Tags: ,
I-70 Community Hospital
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HMC/CAH Consolidated Inc., Owner of I-70 Community Hospital, Emerges from Bankruptcy

Rural hospital owner HMC/CAH Consolidated Inc., the owner and operator of I-70
Community Hospital emerged from Chapter 11 bankruptcy on Jan. 17, 2013. HMC/
CAH’s exit from bankruptcy ended its 15 months of intense reorganization and HMC/
CAH emerged stronger financially with all 12 hospitals intact. HMC/CAHs facilities
are located in rural communities across the United States.

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Justin Sullivan, Getty Images
Justin Sullivan, Getty Images

California City Will Be the Largest to Ever Declare Bankruptcy

California has certainly had its share of financial woes, and now the city of Stockton, about 80 miles east of San Francisco, is set to become the largest American municipality to declare bankruptcy.

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