Detroit bankruptcy

6:37 am
Tue December 3, 2013

Detroit retirees await bankruptcy ruling

Lead in text: 
Unfunded retiree health care costs make up $5.7-billion of Detroit's $18.5-billion in long term debt
Brandon, Fla.- Bill Larsen used to walk Mack Avenue on midnight patrols. Now, he walks with a cane. Marv Kammer wore plain clothes for the Detroit Police Censor Bureau, ensuring burlesque dancers didn't go too far. Now, he wears a back brace. The retired Detroit police officers gather once a month in Florida to reminisce about the past.
9:00 am
Wed November 27, 2013

Creditors want full appraisal of Detroit Institute of Arts

Lead in text: 
Ruling is due next week on whether Detroit is eligible for Chapter 9 bankruptcy protection
A group of creditors pushed Tuesday for an independent evaluation of the Detroit Institute of Arts collection. Several creditors asked U.S. Bankruptcy Judge Steven Rhodes to order the city to cooperate with an assessment of the DIAs collection. It is the strongest push by creditors, some of whom want art liquidated to satisfy debts and other obligations.
11:48 am
Fri November 1, 2013

Detroit bankruptcy case draws national attention

Lead in text: 
Bankruptcy analysts say questions about retiree pensions and other issues will likely end up before U.S. Supreme Court
Atlanta The looming legal question in Detroits bankruptcy case of whether pension benefits can be slashed despite state constitutional protections was a prominent topic of debate here Thursday at a national bankruptcy judges meeting.
6:44 am
Tue October 29, 2013

Bolger gets up close look at Detroit's challenges

Lead in text: 
House Speaker visited at request of Detroit lawmaker
Michigan House Speaker Jase Bolger had been to Detroit several times, usually for a ball game or other event. But he'd never been to the Detroit he visited Monday, touring the west side of the city with state Rep. Harvey Santana, who asked Bolger to come and see the city's challenges and opportunities firsthand.
6:19 am
Tue October 29, 2013

Governor Snyder testifies bankruptcy was "last resort" for Detroit

Lead in text: 
Emergency Manager Kevyn Orr due back on stand Tuesday
Detroit Emergency Manager Kevyn Orr testified if Detroit is kicked out of bankruptcy court the city will be in a free-fall crisis and destined for financial failure. If we do not go through Chapter 9, this city will continue to fail, Orr testified Monday morning during the fourth day of Detroits bankruptcy eligibility trial.