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The official name for it is the “plan confirmation hearing.” The commonly used term is “Detroit’s bankruptcy trial.” And it begins today. Stephen...
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Detroit's future comes down to this: a federal trial over the city's plan to emerge from largest municipal bankruptcy ever in the U.S. As Detroit Public Radio's Quinn Klinefelter reports, city officials argue the plan is the best way to propel Detroit into prosperity — but some major creditors aren't pleased with it.
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The city's plan to restructure its debt has been praised as a creative way to protect both pensioners and its art museum. But some creditors — and residents — feel like they're being railroaded.
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A New York lender called Art Capital Group is offering a $4 billion loan to the city of Detroit if it puts up its art collection as collateral. Detroit...
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Bridge Magazine writer Mike Wilkinson recently wrote a piece that explored the dollars-and-cents of Detroit, post-bankruptcy and beyond. It's titled ...
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Ford, General Motors and Chrysler are offering a multimillion dollar donation toward a deal to ease pension cuts for retirees, and preserve the lucrative collection at the Detroit Institute of Arts.
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Detroit's big three automakers announced they'll pitch in to help the "Grand Bargain" — an effort to protect city workers' pensions. But the deal could unravel if the city's retirees reject the deal.
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It was a big win for Detroit's bankruptcy struggle when the state Senate approved that $195 million rescue package earlier this week. That vote "sealed...
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Gov. Rick Snyder says he will sign bills giving almost $200 million to Detroit’s bankruptcy settlement, after the state Senate approved the measures...
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Gov. Rick Snyder has vowed to sign legislation contributing almost $200 million to Detroit’s bankruptcy settlement. The state Senate gave the bills final…