Tag: Personal bankruptcy

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People

Judge in NY rejects DMX’s bankruptcy filing

In this Sept. 23, 2009 file photo, rapper DMX performs at the 2009 VH1 Hip Hop Honors at the Brooklyn Academy of Music, in New York. (AP Photo/Peter Kramer, File) WHITE PLAINS, N.Y. (AP) — A federal judge in New York has tossed rapper DMX’s bankruptcy filing, making him fair game for creditors.

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National

Detroit manager defends actions before bankruptcy

In this March 14, 2013 file photo, emergency manager Kevyn Orr listens to a question during a news conference in Detroit. Gov. Rick Snyder announced that he had chosen Orr as Detroit’s emergency manager. (AP Photo/Paul Sancya) by Ed WhiteAssociated Press Writer DETROIT (AP) — Detroit’s emergency manager faced tough cross-examination Tuesday from lawyers for unions and retirees as he defended his decision to take the city into bankruptcy without first striking a deal to prevent pension cuts. It was Kevyn Orr’s third day on the witness stand during a trial to determine if Detroit’s bankruptcy case can go forward. The city must show it was broke and tried to negotiate with creditors in good faith before filing for Chapter 9 protection in July.