Detroit creditors

7:26 am
Mon October 27, 2014

Closing Arguments Monday in Detroit Bankruptcy Trial

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A ruling from U.S. Bankruptcy Judge Steven Rhodes is expected next week
The city of Detroit today makes its final argument in bankruptcy court that it has a fair and practical plan to pay creditors billions less than they are owed while restoring city services to an adequate level.
7:32 pm
Tue September 9, 2014

Deal Reached With Holdout Creditor for Detroit Bankruptcy

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Agreement must still be approved by Bankruptcy Judge Steven Rhodes
Detroit The city reached a last-minute deal with its fiercest holdout creditor late Tuesday to give the firm millions, control of a city parking garage and a 20-year lease extension of the Detroit-Windsor Tunnel a deal that could speed the end the Detroit bankruptcy. Bermuda-based Syncora Guarantee Inc.
9:27 pm
Tue July 9, 2013

Detroit Emergency Manager cancels creditors' bus tour

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Media interest in the tour caused some of the creditors to back out
Detroit — Emergency Manager Kevyn Orr on Tuesday scrapped a scheduled bus tour for Wall Street creditors of the city’s worst areas. Several creditors decided against taking the tour Wednesday and said they would rather spend time researching the city’s financial condition, the emergency manager’s spokesman Bill Nowling said.