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Detroit's Bankruptcy Journey

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Detroit

Detroiters' optimism captivates Ford Foundation head

Detroiters’ optimism captivates Ford Foundation head"People in Detroit have a boundless capacity to be the best and look to the future," Foundation head Darren Walker said
  • Detroit
  • 1 year, 10 months ago
Detroit

Judge delays action on union’s benefit complaint

Judge delays action on union’s benefit complaintThe city of Detroit wants to force a public safety union to drop its fight against a bankruptcy-related benefit change.
  • Detroit
  • 1 year, 11 months ago
Detroit

Former Detroit EM Orr returning to Jones Day

Former Detroit EM Orr returning to Jones DayOrr is currently serving as a consultant to the emergency manager for Atlantic City
  • Detroit
  • 2 years ago
Detroit

Rhodes on bankruptcy: We love to give a second chance

Rhodes on bankruptcy: We love to give a second chanceRhodes discussed the 17-month bankruptcy Wednesday morning at a Bank of Ann Arbor breakfast in his honor
  • Detroit
  • 2 years ago
Politics

House panel seeks $4.1M cut in Detroit revenue sharing

House panel seeks $4.1M cut in Detroit revenue sharingState House committee recommends Detroit aid be cut three months after the city emerged from bankruptcy
  • Politics
  • 2 years, 1 month ago
Wayne County

Review board appoints adviser for city finances

Review board appoints adviser for city financesThe state-mandated panel appointed to oversee Detroit’s finances also approved a financial plan for the city.
  • Wayne County
  • 2 years, 1 month ago
Detroit

DIA to honor judge’s ‘grand bargain’ doodle

DIA to honor judge’s ‘grand bargain’ doodleThe doodle laid the conceptual groundwork for creation of a fund to shore up city pensions
  • Detroit
  • 2 years, 1 month ago
Wayne County

Rhodes: Pension plans too costly for cities

Rhodes: Pension plans too costly for citiesThe bankruptcy judge who green-lighted reductions in pensions and health insurance for more than 30,000 Detroit retirees said Wednesday he's "deeply concerned" about the unfunded liabilities other cities are saddled with.
  • Wayne County
  • 2 years, 2 months ago
Wayne County

Dispute resolved over Syncora bankruptcy settlement
Wayne County is no longer objecting to a deal that gives city property to a key bankruptcy creditor.

Dispute resolved over Syncora bankruptcy settlementWayne County is no longer objecting to a deal that gives city property to a key bankruptcy creditor.
  • Wayne County
  • 2 years, 1 month ago
Wayne County

Veteran judge takes over Detroit bankruptcy case

Veteran judge takes over Detroit bankruptcy caseJudge Thomas Tucker takes over Detroit bankruptcy case from retiring Judge Steven Rhodes
  • Wayne County
  • 2 years, 2 months ago
Wayne County

Detroit’s $178M bankruptcy tab ‘reasonable,’ judge says

Detroit’s $178M bankruptcy tab ‘reasonable,’ judge saysDetroit’s $170M bankruptcy tab ‘reasonable,’ judge says
  • Wayne County
  • 2 years, 2 months ago
Wayne County

Birmingham attorney to lead group monitoring Detroit

Birmingham attorney to lead group monitoring DetroitThe Detroit Financial Review Commission has hired Ron Rose as its top paid employee
  • Wayne County
  • 2 years, 2 months ago
Wayne County

Duggan keeps focus on neighborhoods, 'inclusion'

Duggan keeps focus on neighborhoods, ‘inclusion’In State of the City speech, the mayor details programs and improvements for year ahead
  • Wayne County
  • 2 years, 2 months ago
Wayne County

Detroit bankruptcy judge orders private water talks

Detroit bankruptcy judge orders private water talksDetroit bankruptcy judge orders private water talks
  • Wayne County
  • 2 years, 2 months ago
Wayne County

Orr: Work still to be done in Detroit after bankruptcy

Orr: Work still to be done in Detroit after bankruptcyFormer emergency manager Kevyn Orr reflected Tuesday on the bright spots — and the challenges — of leading Detroit through bankruptcy while cautioning that much work still needs to be done.
  • Wayne County
  • 2 years, 3 months ago
Wayne County

Financial adviser wary of Detroit's reliance on aid

Financial adviser wary of Detroit’s reliance on aidFormer N.Y. budget expert says city needs to have process to keep on top of budget
  • Wayne County
  • 2 years, 3 months ago
Wayne County

Bankruptcy judge: Lessons to be learned from Detroit

Bankruptcy judge: Lessons to be learned from DetroitRhodes called the city's economic plight a cautionary tale to be learned from
  • Wayne County
  • 2 years, 3 months ago
Wayne County

Wayne County threatens Detroit bankruptcy deal

Wayne County threatens Detroit bankruptcy dealCounty wants land or more than $30 million, money the city needs to bankroll recovery
  • Wayne County
  • 2 years, 2 months ago
Wayne County

Jones Day defends Detroit bankruptcy fees

Jones Day defends Detroit bankruptcy feesLaw firms involved in Detroit bankruptcy case defend fees
  • Wayne County
  • 2 years, 3 months ago
Wayne County

Detroit retiree firm defends pay, says it ate $6M bonus

Detroit retiree firm defends pay, says it ate $6M bonusDetroit retiree firm defends pay during bankruptcy case, says it ate $6M bonus
  • Wayne County
  • 2 years, 3 months ago
Michigan

Snyder signs bills closing tax foreclosure loophole
Bills give relief to homeowners, close loophole letting tax deadbeats buy back properties

Snyder signs bills closing tax foreclosure loopholeBills give relief to homeowners, close loophole letting tax deadbeats buy back properties
  • Michigan
  • 2 years, 3 months ago
Wayne County

Detroit bankruptcy firms ordered to defend bills

Detroit bankruptcy firms ordered to defend billsJudge orders Detroit bankruptcy firms to defend bills
  • Wayne County
  • 2 years, 3 months ago
Politics

Obama names new White House Detroit adviser

Obama names new White House Detroit adviserWhite House is naming Treasury official Cliff Kellogg as the new point person for Detroit
  • Politics
  • 2 years, 3 months ago
Oakland County

Bankruptcy Judge Rhodes to address Walsh College grads

Bankruptcy Judge Rhodes to address Walsh College gradsTroy school will also give him an honorary Doctor of Laws degree
  • Oakland County
  • 2 years, 3 months ago
Wayne County

DIA says it has reached $100M ‘grand bargain’ goal

DIA says it has reached $100M ‘grand bargain’ goalMuseum pays $5 million annually for 20 years in city bankruptcy settlement to protect art
  • Wayne County
  • 2 years, 3 months ago
Wayne County

Detroit bankruptcy fees top $170M

Detroit bankruptcy fees top $170MLawyers and consultants billed the city more than $170M for Detroit's bankruptcy.
  • Wayne County
  • 2 years, 3 months ago
Wayne County

Bankruptcy and beyond for Detroit

Special report: Bankruptcy and beyond for DetroitThe inside story of the deals that brought Detroit back from the brink in 15 months
  • Wayne County
  • 2 years, 5 months ago
Wayne County

Michigan transferring $195M in bankruptcy deal

Michigan transferring $195M in bankruptcy dealA board set in motion the State of Michigan’s $195 million payment to pension funds
  • Wayne County
  • 2 years, 4 months ago
Wayne County

Detroit facing big bill from bankruptcy consultant

Detroit facing big bill from bankruptcy consultantInvestment banking firm Miller Buckfire has charged the city more than $20M
  • Wayne County
  • 2 years, 4 months ago
Wayne County

Bankruptcy lawyer billed Detroit $34K for Florida travel

Bankruptcy lawyer billed Detroit $34K for Florida travelClosed-door negotiations to scrutinize the reasonableness of legal fees from city's Ch. 9
  • Wayne County
  • 2 years, 4 months ago
Metro-detroit

Leaders speak of historic day as Detroit bankruptcy plan approved

Leaders speak of historic day as Detroit bankruptcy plan approvedJudge Gerald Rosen, Gov. Rick Snyder, former EM Kevyn Orr praise Judge Steven Rhodes' handling of bankruptcy trial.
  • Metro-detroit
  • 2 years, 5 months ago
Nolan Finley

Finley: Banks paid for Detroit's bankruptcy

Finley: Banks paid for Detroit’s bankruptcyIf Detroit were a private business, bankruptcy would have been the beginning of its end
  • Nolan Finley
  • 2 years, 5 months ago
Wayne County

Now, Detroit focuses on services

Now, Detroit focuses on servicesBlight, neighborhoods, streetlights top residents,' officials' to-do lists
  • Wayne County
  • 2 years, 5 months ago
Wayne County

City, state leaders lavish praise on bankruptcy ruling

City, state leaders lavish praise on bankruptcy rulingGov. Rick Snyder, Mayor Mike Duggan and others praised judge's approval of bankruptcy deal
  • Wayne County
  • 2 years, 5 months ago
Wayne County

Timeline: Detroit’s road through bankruptcy

Timeline: Detroit’s road through bankruptcyKey events in the city’s financial struggle, 15 1/2 months in bankruptcy
  • Wayne County
  • 2 years, 5 months ago
Wayne County

Detroit to pay creditors, then boost services

Detroit to pay creditors, then boost servicesDetroit will start spending $1.7B on public safety, fighting blight if judge approves plan
  • Wayne County
  • 2 years, 5 months ago
Wayne County

Against the tide, newcomers move into Detroit

Against the tide, newcomers move into DetroitBankruptcy hasn't deterred some people from relocating and embracing city life
  • Wayne County
  • 2 years, 7 months ago
Business

Buffett: Post-bankrupt Detroit appealing to investors

Buffett: Post-bankrupt Detroit appealing to investorsBuffett part of 3-day effort to woo successful ex-Detroiters to invest in the city
  • Business
  • 2 years, 7 months ago
Special Reports

Key figures in Detroit's bankruptcy journey

Key figures in Detroit’s bankruptcy journeyKey figures in Detroit's bankruptcy journey
  • Special Reports
  • 2 years, 5 months ago
Wayne County

Detroit sweetens bankruptcy offer to holdout creditor

Detroit sweetens offer to FGICHouldout creditor FGIC may get leases on 3 parking garages from Detroit
  • Wayne County
  • 2 years, 6 months ago
Wayne County

Value of DIA art, pensions examined in Detroit bankruptcy court

Value of DIA art, pensions examined in Detroit bankruptcy courtIt was all about the method Tuesday in Detroit's historic municipal bankruptcy trial, as attorneys wrangled over specific methods used in calculating cuts to retiree pensions and the value of the city's artwork.
  • Wayne County
  • 2 years, 6 months ago
Wayne County

Deal keeps Orr during bankruptcy, restores council power

Deal keeps Orr during bankruptcyCity Council members unanimously approved a resolution that transfers power back to Detroit's elected leadership
  • Wayne County
  • 2 years, 7 months ago
Wayne County

Dozens of Duggan appointees paid $100K or more

Half of Duggan appointees get $100KThere's a new wage scale in City Hall as city revamps itself for the post-bankruptcy era
  • Wayne County
  • 2 years, 7 months ago
Wayne County

Detroit residents describe pain of water shutoffs

Detroit residents describe pain of water shutoffsBankruptcy judge holds hearing over residential water shut-off campaign for unpaid bills
  • Wayne County
  • 2 years, 7 months ago
Wayne County

Detroit, state discussing extended role for EM Orr

Extended role for Orr discussedCity and state leaders appear close to announcement on role for Kevyn Orr.
  • Wayne County
  • 2 years, 7 months ago
Wayne County

Detroit, state discussing extended role for EM Orr

Extended role for Orr discussedCity and state leaders appear close to announcement on role for Kevyn Orr.
  • Wayne County
  • 2 years, 7 months ago