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>> DETROIT BANKRUPTCY Latest News

2 HOURS AGO - Reuters

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Detroit eyes bankruptcy exit in second week of December: attorney

DETROIT (Reuters) - Detroit is eying a date between Dec. 8 and 10 for its debt adjustment plan to take effect, allowing the city to exit the biggest-ever municipal bankruptcy, an attorney said on Monday.

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15 HOURS AGO - San Francisco Chronicle

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Questions, answers about Detroit's bankruptcy

Detroit is poised to borrow $275 million from Barclays Capital, much of it to pay off other obligations and to start improving services, when it is released from Chapter 9. The debt eventually will be turned into bonds carrying an interest rate of 4.75 percent or less and will be backed by income tax revenue. [...] emergency manager Kevyn Orr ...

Tags: Questions, answers about Detroit's bankruptcy,  Detroit Bankruptcy Latest News

NOV 13, 2014 - The Economist

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Can Detroit recover?: Chapter 9 draws to an end

From red ink to green shoots ON A sunny November day, the RiverWalk along the Detroit river is deserted. The once-bright flowerbeds are overgrown with weeds, the café closed and the merry-go-round at a standstill. Detroit, once the motor of America’s car industry, feels emptied out, and so it is. Its population has shrunk to 689,000, two-fifths of the number ...

Tags: Can Detroit recover?: Chapter 9 draws to an end,  Detroit Bankruptcy Latest News

NOV 12, 2014 - Yahoo! News

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U.S. judge: Detroit needs to put bankruptcy plan in motion

DETROIT (Reuters) - A federal judge said on Wednesday that implementation of Detroit's plan to exit the biggest-ever U.S. municipal bankruptcy should be on the fast track. "The city needs to begin implementing this plan immediately," U.S. Bankruptcy Judge Steven Rhodes said at a hearing. Rhodes waived a 14-day automatic stay on the plan of adjustment, but did not decide ...

Tags: U.S. judge: Detroit needs to put bankruptcy plan in motion,  Detroit Bankruptcy Latest News

NOV 12, 2014 - Yahoo! News

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Detroit needs to put bankruptcy plan in motion: judge

DETROIT (Reuters) - The federal judge who approved Detroit's plan for exiting the biggest-ever U.S. municipal bankruptcy gave the city on Wednesday the go-ahead for putting the plan in motion. "The city needs to begin implementing this plan immediately," U.S. Bankruptcy Judge Steven Rhodes said at a hearing. Rhodes waived a 14-day automatic stay on the plan, but did not ...

Tags: Detroit needs to put bankruptcy plan in motion: judge,  Detroit Bankruptcy Latest News