Hilco Industrial Awarded Detroit Muni Asset Sale Contract

Hilco Industrial announced that it has been awarded the contract to manage the sale of an extensive list of the City of Detroit’s (COD) surplus transportation, rolling stock and public utility maintenance vehicles.

WSJ: Bankruptcy Judges Share Insight on Chapter 9 Eligibility

The Wall Street Journal reported that U.S. Bankruptcy Judge Steven Rhodes will preside over a trial to decide whether the city of Detroit was eligible for Chapter 9, which has a long list of qualifications to be met.