Detroit bankruptcy

Detroit's former Emergency Manager Kevyn Orr. (Photo by Bill Pugliano/Getty Images)

Manager Orr Takes The Stand In Detroit Bankruptcy Trial

Orr’s debt restructuring plan, in which deals have already been reached with most creditors, sets aside $1.7 billion for improving city services.

WWJ Newsradio 950–2 hours ago

(credit: istock)

Detroit Bankruptcy: Dan Gilbert Testifies Crime, Education, Blight Are City’s Major Challenges

Businessman Dan Gilbert has testified during Detroit’s bankruptcy trial that the city’s high crime rate, poor school system, unemployment and blighted neighborhoods are its major challenges.

WWJ Newsradio 950–10 hours ago

(Credit: istock)

Judge Won’t Stop Water Shutoffs In Detroit

Disappointing news for Detroit residents who were hoping for a moratorium on unpaid water bills …

WWJ Newsradio 950–09/29/2014

Detroit City Council votes to remove Emergency Manager Kevyn Orr during council session Thursday. (WWJ/Stephanie Davis)

Detroit Officials Regaining Most City Control As Orr Removed From Role As Emergency Manager

The Detroit City Council on Thursday unanimously approved a plan to transfer daily operations to elected officials while retaining the state-appointed emergency manager to oversee bankruptcy matters until they are resolved.

WWJ Newsradio 950–09/25/2014

(credit: istock)

Detroit Officials To Testify In Water Dispute: We Can’t Give Away Free Water

Critics of the shutoffs say public health and children’s welfare are at risk in homes without water, arguing that “every resident has the inherent right to free water.”

WWJ Newsradio 950–09/23/2014

Detroit downtown

Settlement Plan Moving Forward Between Syncora, City Of Detroit In Bankruptcy Proceedings

Detroit and bond insurer Syncora finished the deal announced last Tuesday to settle over $400 million in claims.

WWJ Newsradio 950–09/15/2014

Sarah Earley, Chairwoman of the Belle Isle Conservancy, with host Carol Cain on the "Michigan Matters' set, discusses the island park and its future. (credit: James C. Turner/CBS 62)

‘Michigan Matters’ Focus: Belle Isle’s Luster Grows Amid State Stewardship

Despite its controversial genesis of Michigan taking over Belle Isle as a state park amid Detroit’s bankruptcy last year, the end result has been positive.

09/12/2014

(Credit: Bill Pugliano/Getty Images)

Detroit Bankruptcy Trial On Hold After Deal With Major Creditor

A judge has suspended Detroit’s bankruptcy trial until Monday to give the city more time to work out details of a settlement with a major creditor.

WWJ Newsradio 950–09/10/2014

Federal Court In Detroit (Photo by Bill Pugliano/Getty Images)

Detroit, Key Bankruptcy Plan Opponent Reach Deal

The joint filing by the city and bond insurer Syncora Guarantee said that they “have reached an agreement in principle” to settle the company’s $400 million claim in the nation’s largest-ever municipal bankruptcy case.

WWJ Newsradio 950–09/09/2014

istockphoto

Detroit’s Computer System Is Years Outdated, New Tech Chief Says

Detroit’s computer system is “beyond fundamentally broken” and years behind the latest software, the city’s new technology chief told a bankruptcy judge Monday.

09/08/2014

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