Detroit bankruptcy

7:09 am
Tue June 17, 2014

Detroit City Council Approves Transfer of DIA Assets

Move is called important to protect works of art and pensions of Detroit city workers
The City Council Monday gave its final approval of a bankruptcy plan to transfer the assets of the Detroit Institute of Arts to an irrevocable trust in exchange for state and foundation funding to aid city pensioners.
9:11 pm
Tue June 3, 2014

Senate Approves Detroit Aid Package

Snyder calls it "great day in Michigan history"
LANSING, MI -- Michigan Gov. Rick Snyder on Tuesday hailed Senate passage of "grand bargain" legislation designed to speed up the city's exit from bankruptcy and minimize retiree pension cuts, signaling his intent to sign the bills into law later this week.
6:36 am
Tue June 3, 2014

State Senate Considers Detroit Bankruptcy "Grand Bargain"

Money from state would be combined with contributions from foundations and labor unions
LANSING - A Senate committee is scheduled to take up a package of bills today providing for $194.8 million in state funding to help settle the Detroit bankruptcy through a "grand bargain" to protect city pensioners and Detroit Institute of Art treasures.
7:13 am
Tue May 27, 2014

Detroit Bankruptcy to be a Major Topic of Mackinac Policy Conference

Three day conference begins Wednesday with a forum featuring U.S. Senate candidates Gary Peters and Terri Lynn Land
Michigans business, nonprofit and political leaders will assemble this week for the Detroit Regional Chambers annual Mackinac Policy Conference as a path has emerged for the states largest city to get out of bankruptcy court later this year.
1:36 pm
Wed May 21, 2014

State Funding to settle Detroit Bankruptcy Moves to House Floor

The state Would dedicated $195-million to Detroit and create a panel to over the city's finances
LANSING, MI -- Michigan is one step closer to consummating a " grand bargain" designed to facilitate Detroit's exit from bankruptcy, minimize pension cuts for retirees and protect prized works at the Detroit Institute of Arts.