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>> DETROIT BANKRUPTCY Latest News

JAN 24, 2015 - San Francisco Chronicle

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Bankruptcy Judge Rhodes talks Detroit in commencement speech

(AP) — The federal judge that oversaw Detroit's bankruptcy has told a group of business school graduates that others should learn from the city's economic troubles. The Detroit News reports (http://bit.ly/1D3pcHG ) that Rhodes said Detroit "got into trouble because people ran the city ... people who made mistakes and people who took unnecessary risk with the assets and responsibilities ...

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JAN 22, 2015 - Yahoo! News

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Atlantic City bankruptcy talk 'premature': turnaround team

By Daniel Kelley and Hilary Russ ATLANTIC CITY NJ/NEW YORK (Reuters) - It's "premature" to talk about bankruptcy for troubled gaming resort Atlantic City, Detroit's former turnaround expert said Thursday as he signed on with the latest bid to revive a city some see as bound to follow the path taken by the Motor City. Atlantic City's lifeblood, gaming revenue, ...

Tags: Atlantic City bankruptcy talk 'premature': turnaround team,  Detroit Bankruptcy Latest News

JAN 22, 2015 - Yahoo! News

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Christie appoints emergency managers for Atlantic City

Trying to dig Atlantic City out of "an enormous hole," New Jersey Gov. Chris Christie on Thursday appointed a corporate turnaround specialist as the city's emergency manager, and tabbed the man who led Detroit through its municipal bankruptcy as his assistant.

Tags: Christie appoints emergency managers for Atlantic City,  Detroit Bankruptcy Latest News

JAN 22, 2015 - Yahoo! News

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Atlantic City, N.J. bankruptcy 'premature': turnaround team

By Daniel Kelley and Hilary Russ ATLANTIC CITY NJ/NEW YORK (Reuters) - A new emergency management team for the casino resort town Atlantic City said it would take about six months for a turnaround plan to show results but it was 'premature' to talk about bankruptcy for the city, which has seen gaming revenues decimated. Atlantic City's municipal finances have ...

Tags: Atlantic City, N.J. bankruptcy 'premature': turnaround team,  Detroit Bankruptcy Latest News

JAN 22, 2015 - San Francisco Chronicle

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Atlantic City bankruptcy possible as Christie names manager

ATLANTIC CITY, N.J. (AP) — In naming an emergency manager for Atlantic City on Thursday, New Jersey Gov. Chris Christie left the door open for the seaside gambling resort to file for bankruptcy if it can't get its finances under control. The Republican governor and likely presidential candidate appointed a corporate turnaround specialist as the city's emergency manager, and tabbed ...

Tags: Atlantic City bankruptcy possible as Christie names manager,  Detroit Bankruptcy Latest News