Detroit's Bankruptcy Journey

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Elections

Kevin Sabet argues against legalizing marijuana through Prop 1

Kevin Sabet is against legalizing pot, Prop 1Kevin Sabet, president of Wash. D.C.-based Smart Approaches to Marijuana, argues against legalizing marijuana in Michigan through Proposal 1
  • Elections
  • 11 months, 3 weeks ago
Daniel Howes

Podcast: Howes on bankruptcy, plus five

Podcast: Howes on bankruptcy, plus fiveFive years after the city of Detroit declared municipal bankruptcy, the its reinvention is tracing a decidedly upward trajectory.
  • Daniel Howes
  • 3 days, 21 hours ago
Detroit

After Detroit bankruptcy: Optimism, but 'challenges are real'

After Detroit bankruptcy: Optimism, but ‘challenges are real’Five years after Detroit's historic bankruptcy filing, the city has risen from financial ruin to a promising future few could have predicted
  • Detroit
  • 1 year, 2 months ago
Daniel Howes

Howes: Five years after bankruptcy, Detroit shows real gains

Howes: Five years on, Detroit shows real gainsFive years after Chapter 9 bankruptcy, Detroit's reinvention traces upward arc to revival, new narrative of success
  • Daniel Howes
  • 1 year, 2 months ago
Detroit

Detroit facing challenges one year after bankruptcy

Detroit facing challenges one year after bankruptcyThe city won’t be back on a sound financial footing without attracting more businesses and residents to increase revenue
  • Detroit
  • 2 years, 11 months ago
Detroit

Most Detroit property assessments to decrease

Most Detroit property assessments to decreaseAbout 95 percent of Detroit’s 220,000 residential properties will see a reduction of 5 percent to 15 percent
  • Detroit
  • 3 years, 8 months ago
Daniel Howes

Howes: Hard work follows Detroit bankruptcy success

Howes: Hard work, arduous process follow Detroit bankruptcy successCity is one year into journey of self-redemption, requiring leadership and teamwork, compromise and financial realism.
  • Daniel Howes
  • 3 years, 10 months ago
Detroit

Detroit bankruptcy discussion cut short by heckling

Detroit bankruptcy discussion cut short by hecklingBankruptcy opponents yelled “lies” and “rape” as Gov. Rick Snyder attempted to answer questions
  • Detroit
  • 3 years, 10 months ago
Detroit

Detroit’s white population up after decades of decline

Detroit’s white population up after decades of declineCensus: City gains 8K just in ’14, sees biggest uptick since the 1950s
  • Detroit
  • 4 years ago
Detroit

Bankruptcy will cost Detroit on new bonds

Bankruptcy will cost Detroit on new bondsEven though bonds are rated safe, investors worry that the city’s finances aren’t out of the woods yet
  • Detroit
  • 4 years, 1 month ago
Detroit

Duggan touts rating of new city bond issue

Duggan touts rating of new city bond issueNew bonds essential to improving Detroit city services have earned an upgrade.
  • Detroit
  • 4 years, 2 months ago
Detroit

Rhodes on Puerto Rico: ‘It’s exactly like Detroit’

Former bankruptcy Judge Rhodes on Puerto Rico: ‘It’s exactly like Detroit’Governor of debt-ridden Puerto Rico has hired the retired bankruptcy judge who handled Detroit’s bankruptcy for advice
  • Detroit
  • 4 years, 3 months ago
Detroit

Detroiters' optimism captivates Ford Foundation head

Detroiters’ optimism captivates president of Ford Foundation as he tours city"People in Detroit have a boundless capacity to be the best and look to the future," Foundation head Darren Walker said
  • Detroit
  • 4 years, 4 months ago
Detroit

Judge delays action on union’s benefit complaint

Judge delays action on union complaintThe city of Detroit wants to force a public safety union to drop its fight against a bankruptcy-related benefit change.
  • Detroit
  • 4 years, 4 months 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
  • 4 years, 7 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.

Syncora settlement dispute resolvedWayne County is no longer objecting to a deal that gives city property to a key bankruptcy creditor.
  • Wayne County
  • 4 years, 7 months ago
Wayne County

Birmingham attorney to lead group monitoring Detroit

Attorney to lead Detroit monitorsThe Detroit Financial Review Commission has hired Ron Rose as its top paid employee
  • Wayne County
  • 4 years, 8 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
  • 4 years, 8 months ago
Wayne County

Jones Day defends Detroit bankruptcy fees

Jones Day defends feesLaw firms involved in Detroit bankruptcy case defend fees
  • Wayne County
  • 4 years, 9 months ago
Wayne County

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

Detroit retiree firm says it ate $6MDetroit retiree firm defends pay during bankruptcy case, says it ate $6M bonus
  • Wayne County
  • 4 years, 9 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 tax foreclosure billsBills give relief to homeowners, close loophole letting tax deadbeats buy back properties
  • Michigan
  • 4 years, 9 months ago
Politics

Obama names new White House Detroit adviser

Obama names new Detroit adviserWhite House is naming Treasury official Cliff Kellogg as the new point person for Detroit
  • Politics
  • 4 years, 9 months ago
Wayne County

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

DIA says ‘grand bargain’ goal reachedMuseum pays $5 million annually for 20 years in city bankruptcy settlement to protect art
  • Wayne County
  • 4 years, 9 months ago
Wayne County

Detroit bankruptcy fees top $170M

Bankruptcy fees top $170MLawyers and consultants billed the city more than $170M for Detroit's bankruptcy.
  • Wayne County
  • 4 years, 9 months ago
Wayne County

Michigan transferring $195M in bankruptcy deal

Mich. transferring bankruptcy fundsA board set in motion the State of Michigan’s $195 million payment to pension funds
  • Wayne County
  • 4 years, 9 months ago
Wayne County

Pension fund chair: Fire bribe trial witness

Pension fund lawyer’s ouster soughtCritics say his role raises questions about ability to move past a history of corruption
  • Wayne County
  • 4 years, 10 months ago
Wayne County

First payment made toward Detroit’s ‘grand bargain’

Payment made toward ‘grand bargain’The Foundation for Detroit’s Future made the payment on Wednesday
  • Wayne County
  • 4 years, 10 months ago
Wayne County

Detroit emerges from bankruptcy today

Detroit out of bankruptcy todayThe city of Detroit is entering a "new chapter" as it emerges from a landmark bankruptcy
  • Wayne County
  • 4 years, 10 months ago
Wayne County

Snyder: Detroit's financial emergency over; Orr can go

Snyder says Orr can goGov. Rick Snyder has accepted a determination that Detroit's financial emergency is over.
  • Wayne County
  • 4 years, 10 months ago
Wayne County

Kilpatrick frat brother Beasley convicted of conspiracy

Kilpatrick frat brother Beasley convicted of conspiracyJeffrey Beasley, Paul Stewart and Ronald Zajac were accused of weakening retirement system
  • Wayne County
  • 4 years, 10 months ago
Wayne County

Detroit facing big bill from bankruptcy consultant

Detroit facing big bankruptcy billInvestment banking firm Miller Buckfire has charged the city more than $20M
  • Wayne County
  • 4 years, 10 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
  • 4 years, 10 months ago
Metro-detroit

Retiree group seeks appeal of Detroit pension cuts

Retiree group appeals pension cutsA small group of holdout Detroit retirees is seeking an appeal of bankruptcy pension cuts
  • Metro-detroit
  • 4 years, 11 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
  • 4 years, 11 months ago
Wayne County

Bankruptcy and beyond for Detroit

Bankruptcy and beyond for DetroitThe inside story of the deals that brought Detroit back from the brink in 15 months
  • Wayne County
  • 4 years, 11 months ago
Wayne County

Deal puts pension funds on stronger footing

Pension funds healthierOversight to ensure long-term future for Detroit workers, protect benefits for retirees
  • Wayne County
  • 4 years, 11 months ago
Wayne County

City financial review commission starts work

Financial review board starts workThe new Detroit Financial Review Commission gathered Wednesday at Wayne State University
  • Wayne County
  • 4 years, 11 months ago
Wayne County

Foundations think out of box to aid Detroit

Foundations change roles for DetroitFoundations took on new, riskier and more assertive roles during Detroit's bankruptcy.
  • Wayne County
  • 4 years, 11 months ago
Wayne County

Detroit bankruptcy judge rips city attorney

Judge engages in tense exchangeDetroit bankruptcy judge accuses city lawyer of political grandstanding
  • Wayne County
  • 4 years, 11 months ago
Wayne County

Judge: 'Now is time to restore democracy to the people'

Judge approves Detroit bankruptcy exit planDetroit bankruptcy judge's approval pushes city to edge of exiting bankruptcy court
  • Wayne County
  • 4 years, 11 months ago
Wayne County

Detroit to pay creditors, then boost services

Next up: Pay creditors, lift servicesDetroit will start spending $1.7B on public safety, fighting blight if judge approves plan
  • Wayne County
  • 4 years, 11 months ago
Wayne County

Timeline: Detroit’s road through bankruptcy

Timeline: Detroit bankruptcyKey events in the city’s financial struggle, 15 1/2 months in bankruptcy
  • Wayne County
  • 4 years, 11 months ago
Wayne County

Creditor becomes stakeholder in Detroit's future

Detroit, big creditor reach dealAgreement will be announced at 9:30 this morning
  • Wayne County
  • 4 years, 12 months ago