Detroit bankruptcy

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

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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

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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.
1:37 pm
Mon October 28, 2013

Snyder testifies in Detroit Bankruptcy trial

Lead in text: 
Protesters outside as governor takes stand
Gov. Rick Snyder said the state will pay Detroit retiree pensions if a judge determines that Michigan has an obligation to bankroll vested pension benefits. Snyder made the remark minutes into his history testimony Monday in the Detroit bankruptcy eligibility trial.