Insolvency

Detroit’s bankruptcy filing may imperil art museum collection

Arts, Culture & Media

When Detroit filed for bankruptcy, it started a process to reduce its debt load. Often this involves surrendering assets to creditors. In the case of Detroit, perhaps the most valuable asset is the collection of the Detroit Institute of Arts. It will be up to the court to determine if creditors have rights to the pieces.

Bankruptcy 101

On the Brink of Insolvency: A Roadmap to Turning a City Around

Alabama County Files for Largest Municipal Bankruptcy in U.S. History

The World

Should states be allowed to declare bankruptcy?

The World

Does debt discrimination infringe on your civil liberties?

We come back to an ongoing conversation as regards debt and unemployment in America. Southfield, Michigan bankruptcy attorney Clinton Hubbell joins us to discuss what exactly the federal bankruptcy code says, and how it protects you.

The World

Bankruptcies rise as medical debt mounts

Conflict & Justice

More and more Americans are filing for bankruptcy, and the biggest reason people are doing so isn’t excessive spending or job losses. According to a recent study, 62 percent of the people who file for bankruptcy do so because of medical debt.

The World

Bankruptcy 101

Global Politics

Congress is currently debating the possibility of bankruptcy reform, but does this legal insulation meant to protect the American worker still function in this economic climate? Alvin Hall, a financial consultant, shares his advice on The Takeaway.

The World

The plight of the U.S. automaker back on Capitol Hill

“The best way to get them to change the way they do business is have them go into bankruptcy.”
–Alex Taylor on U.S. auto makers