GM Fighting New Battle In Bankruptcy

General Motors filed for bankruptcy, which should make them exempt from actions prior to the filing. A new issue surrounding a malfunctioning part in 2009, however, may not be covered by the bankruptcy laws. An ignition switch defect could set them up for over a dozen lawsuits. Read more from autospies.com: The automaker made the…

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Retail Stores Bankrupt In Illinois

Coldwater Creek has announced its impending bankruptcy plans. It will close 18 retail stores in the state of Illinois alone. Across the country, 365 stores will be closed. Learn more from Kane County Chronicle: The Coldwater Creek store at 310 Commons Drive, in the Geneva Commons shopping center, is among the chain’s 365 stores slated to…

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Detroit Bankruptcy Judge Seeks Mayor’s Support

Judge Steven Rhodes is overseeing Detroit’s bankruptcy proceedings. He is seeking assurances from the mayor and other elected officials when it comes to the city’s plan. This plan includes pension cuts and reallocation of funds. Learn more from WHIG.com: Looking years ahead, the judge overseeing Detroit’s bankruptcy said Thursday he wants assurances from the mayor…

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