Settlement Plan Moving Forward Between Syncora, City Of Detroit In Bankruptcy ProceedingsDetroit and bond insurer Syncora finished the deal announced last Tuesday to settle over $400 million in claims.
DIA Statement: Supports Grand Bargain, Raises Objections To Detroit Creditors' DemandsThe Detroit Institute of Arts has filed a response to objections by Detroit creditors to the Grand Bargain.
Detroit Creditor Seeks DIA Documents, Other Records One of Detroit's creditors is seeking documents related to pieces in the city's art museum.
Detroit's Debt Restructuring Plan 'Complicated' The plan has been touted as the blueprint for Detroit's future and key in the city's sojourn through the largest municipal bankruptcy in U.S. history.
Moody's: Detroit Missed Oct. 1 Bond Debt PaymentDetroit, not unexpectedly, has defaulted on its most recent general obligation bond debt payment.
Creditors File Objections To Detroit BankruptcyThe city's biggest employee union, retirees and even a few dozen residents filed objections Monday to Detroit's request for bankruptcy protection.
The Tour Of Detroit Is Off Says EM Kevyn OrrDetroit's Emergency Manager has called off a controversial tour of Detroit that was aimed at drawing sympathy from the city's biggest creditors.
Detroit's Emergency Manager To Meet With CreditorsCreditors, 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.