Detroit Bankruptcy Restructuring To Cancel Some Non-Profit Human Service Contracts
The bankruptcy restructuring plans released in May 2014 by the City of Detroit, Michigan call for the city to terminate certain vendor contracts, including some with non-profit human service provider organizations. A list of the affected contractors was filed on July 3, 2014, in United States Bankruptcy Court, Eastern District of Michigan, Southern Division. The city filed for Chapter 9 bankruptcy on July 18, 2013 to restructure its debt; it seeks to implement a restructuring plan that will allow it to reduce its liabilities by more than $7 billion. The organizations on the list hold executory contracts with the . . .