More Detroit Bankruptcy Articles

  • Detroit strikes 2nd deal with its other retirees

    DETROIT (AP) — The Detroit pension fund that covers all retirees except former police officers and firefighters says it has reached a tentative agreement with the bankrupt city. Tina Bassett, a spokeswoman for the city's general pension fund, says retirees would see a 4.5 percent cut and...

  • Free Press columnist wins Pulitzer for commentary

    DETROIT (AP) — Detroit Free Press columnist Stephen Henderson has been awarded a Pulitzer Prize for his commentary on the city's financial crisis, it was announced Monday. The Pulitzers are given out each year by Columbia University in New York on the recommendation of a board of journalists...

  • Judge approves Detroit swaps deal with 2 banks

    DETROIT (AP) — Detroit can move ahead with a plan to settle a ruinous multimillion-dollar debt with two banks for $85 million, a judge said Friday as he also urged the bankrupt city and other creditors to reach more deals. Bankruptcy Judge Steven Rhodes signed off on the agreement to pay UBS...

  • Detroit reaches bankruptcy deal over some bonds

    The city of Detroit reached a deal in bankruptcy over $388 million in bonds, mediators announced Wednesday, a significant agreement that could influence other creditors to try to get a settlement.

  • Detroit creditors still have eye on city-owned art

    DETROIT (AP) — Some creditors in Detroit's bankruptcy with eyes on city-owned art say they've found buyers willing to pay more than $1 billion for parts or all of the collection. The disclosure was made in a court filing Wednesday. The creditors are asking bankruptcy Judge Steven Rhodes to...

  • Detroit hopes to exit bankruptcy by Oct. 15

    DETROIT (AP) — The emergency manager running Detroit says he wants to see the city get out of bankruptcy by Oct. 15. Kevyn Orr's 18-month term expires in September, but he can stay unless the City Council and Mayor Mike Duggan remove him. Orr made his remark about a bankruptcy exit Thursday...

  • $120 million Detroit financing plan going to vote

    DETROIT (AP) — A state board involved in Detroit's financial reorganization has scheduled a meeting Tuesday to consider city leaders' proposal for a $120 million loan. The announcement of the Lansing meeting Monday didn't detail the proposal, but the Detroit Free Press reports Detroit's been...

  • For kids of bankrupt Detroit, challenges abound

    In a city scarred by broken promises, the Moore brothers, James and Robert, and fellow student Chelsea Inyard are among the lucky ones. The teenagers attend one of Detroit's most promising new public schools.



From the Weekly Standard