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bankruptcy

Detroit’s Emergency Manager To Meet With Creditors

Creditors, bond holders and unions are meeting with Detroit’s state-appointed emergency manager Friday to hear his plan to keep the city out of Chapter 9 bankruptcy.

WWJ Newsradio 950–06/14/2013

Belle Isle

Detroit EM Says He Favors Leasing Belle Isle To State

Kevyn Orr made the comment at a public meeting to discuss his plans for staving off bankruptcy and reducing $15 billion in unfunded municipal obligations.

WWJ Newsradio 950–06/10/2013

Report: Detroit EM To Offer Creditors Pennies On The Dollar

Detroit’s emergency manager is hoping to avoid bankruptcy for the city by trying to settle debts with creditors for just pennies on the dollar.

WWJ Newsradio 950–06/07/2013

Detroit Mayor Dave Bing addressed business and political leaders on Mackinac Island. (credit: Vickie Thomas/WWJ)

Bing: Detroit EM Using Bankruptcy Threat As ‘Leverage’

At the policy conference on Mackinac Island, Detroit Mayor Dave Bing was asked about the threat of bankruptcy that looms over the city.

WWJ Newsradio 950–05/29/2013

Fisker - Karma. (credit: WWJ/Gary Lundy)

Bankruptcy In The Cards For Fisker Automotive?

Electric sports car maker Fisker Automotive has laid off about 160 people at its California headquarters.

WWJ Newsradio 950–04/06/2013

The empty offices of Entertainment Publications. (credit: Sandra McNeil/WWJ)

‘Entertainment Book’ Publisher Closes Up Shop

The Entertainment Book popular gift and, since 1962, a way for metro Detroiters to save some cash.

03/12/2013

Experts Split On Detroit’s Fiscal Recovery Options

In less than a month, Michigan Gov. Rick Snyder will decide whether the state will take over Detroit’s broken finances and send in someone to oversee the city’s fiscal recovery.

WWJ Newsradio 950–02/20/2013

Getty Images/File

Expert: Detroit Could Go Bankrupt Before End Of Year

Projections show Detroit’s cash on hand dropping as low as $3.6 million by Dec. 21. It stood at $53 million on Friday.

WWJ Newsradio 950–11/13/2012

iStockphoto

American Suzuki Motor Corp Files For Chapter 11 Bankruptcy

American Suzuki Motor says it decided to exit the car business because of slow sales, unfavorable foreign exchange rates and high costs due to U.S. regulatory requirements

WWJ Newsradio 950–11/06/2012

Uni-Solar in happier times -- a rooftop installation

Bankruptcy Court Confirms Liquidation Plan For ECD And United Solar

Energy Conversion Devices Inc. (OTC: ENERQ.PK) and its wholly-owned subsidiary United Solar Ovonic LLC last week announced that the United States Bankruptcy Court for the Eastern District of Michigan has confirmed its Second Amended Joint Plan of Liquidation.

WWJ Newsradio 950–08/05/2012

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