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Detroit Bankruptcy Filing

Detroit Files Plan To Emerge From Bankruptcy

AP | Posted 02.21.2014 | Business

DETROIT (AP) — Detroit's emergency manager filed a plan Friday to restructure the city's $18 billion debt by making cuts to pensions and creditors w...

Detroit's Bankruptcy Filing: Not With a Bang, But With a Thud

John Patrick Leary | Posted 03.17.2014 | Detroit
John Patrick Leary

When a federal bankruptcy judge ruled that municipal pensions are vulnerable under federal bankruptcy law, no one was surprised. Little about life in 21st-century America prepares anyone to expect a judge to stand up for public pensions.

Can We Change the Conversation?

Amber Elliott | Posted 02.14.2014 | Detroit
Amber Elliott

The story needs to be a whole one, one not just of bankruptcy, but of hope, revitalization, and inspiration. Detroit is as multidimensional as we Detroiters are, and to pigeonhole the City of Detroit as a bankrupt municipality is wrong, disrespectful, and lazy.

What Happens Next For Detroit

The Huffington Post | Ashley Woods | Posted 12.04.2013 | Business

On Tuesday, U.S. Judge Steven Rhodes officially declared Detroit bankrupt. Granting the largest city in American history bankruptcy protection under t...

Detroit Can Declare Bankruptcy

Jared Bernstein | Posted 02.02.2014 | Detroit
Jared Bernstein

So ruled the judge, paving the way for the largest municipal bankruptcy in our nation's history. Detroit's liabilities are estimated at $18 billion with a 'b.' The next largest city bankruptcy was San Bernardino, CA, in 2012 with a debt level of $46 million...with an 'm.'

Ashley Woods

It's Official: Detroit Is Bankrupt | Ashley Woods | Posted 01.23.2014 | Business

DETROIT -- The largest city in American history to file for bankruptcy protection is officially bankrupt. U.S. Bankruptcy Judge Steven Rhodes ruled...

Closing Arguments Today In Detroit Bankruptcy Trial

AP | JEFF KAROUB | Posted 01.23.2014 | Politics

DETROIT — DETROIT (AP) — Attorneys gave closing arguments Friday in a rare trial to determine whether Detroit can become the largest municipal...

Detroit EM: Bankruptcy Was 'Unavoidable'

AP | JEFF KAROUB | Posted 10.28.2013 | Business

DETROIT -- DETROIT (AP) — Detroit's emergency manager testified Monday that he had thought as late as June that a bankruptcy filing could be avoided...

Court To Decide Whether Detroit Is Actually Bankrupt

AP | ED WHITE | Posted 10.23.2013 | Detroit

DETROIT -- DETROIT (AP) — The city of Detroit for months has disclosed the awful condition of its finances. Now it's up to a judge to determine if t...

Judge Opens Mediation In Detroit Bankruptcy Case

AP | ED WHITE | Posted 12.04.2013 | Detroit

A judge told a courtroom packed with lawyers Tuesday that deals between Detroit and its creditors would be better than years of "horrendous" litigatio...

Detroit Says Bankruptcy Court Is Only Option

AP | By COREY WILLIAMS | Posted 11.07.2013 | Detroit

DETROIT (AP) — Detroit's huge debt, lack of cash to provide residents with some basic services, and the army of creditors demanding money are among ...

Block by Block: Cities, Artistic Endeavor and the Future of Shared Purpose

David E. Thigpen | Posted 10.26.2013 | Impact
David E. Thigpen

The power of creative classes has long been recognized as a force for good in the life of cities, both for the beauty they create as well as for the magnetic pull they exert, drawing followers to precincts where few before them dared go.

Ashley Woods

How Long Will Detroit's Bankruptcy Take? | Ashley Woods | Posted 08.02.2013 | Detroit

Detroit is bankrupt according to the national media and its emergency manager, Kevyn Orr -- but technically, it isn't bankrupt yet. Under Chapter 9...

Detroit Bankruptcy Filing Going Forward

Posted 07.24.2013 | Detroit

A judge's decision Wednesday means Detroit's historic bankruptcy filing will move forward. U.S. District Judge Steven Rhodes ruled Wednesday aftern...

Ashley Woods

Judge: Detroit Bankruptcy Unconstitutional | Ashley Woods | Posted 09.18.2013 | Detroit

Detroit's historic bankruptcy filing is "unconstitutional" and must be withdrawn, according to rulings filed Friday afternoon. Ingham County Circui...

Ashley Woods

Officials Get Emotional Defending Bankruptcy Decision | Ashley Woods | Posted 07.19.2013 | Detroit

DETROIT -- Detroit Emergency Manager Kevyn Orr and Michigan Governor Rick Snyder defended their historic decision to send the city of Detroit to bankr...

Detroit Files For Bankruptcy

AP | COREY WILLIAMS and ED WHITE | Posted 09.17.2013 | Detroit

DETROIT — Once the very symbol of American industrial might, Detroit became the biggest U.S. city to file for bankruptcy Thursday, its finances ...