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Detroit bankruptcy


Short-Term Agreement Reached To Protect City Of Detroit Workers And Retirees’ Health Care

The city of Detroit and its retirees were able to reach an agreement over health care benefits Friday …

WWJ Newsradio 950–02/01/2014

Detroit Emergency Manager Kevyn Orr (Credit: Bill Pugliano/Getty Images)

Detroit Emergency Manager Presents Plan Of Adjustment To Creditors

“Our focus has been to help Detroit regain a strong economic footing,” said Kevyn Orr.

WWJ Newsradio 950–01/29/2014

A couple looks at a painting at the Detroit Institute of Arts (DIA) on September 3, 2013. (Credit: Andrew Burton/Getty Images)

DIA To Raise $100M To Protect Pensions, Art In Bankrupt Detroit

“It’s important to note that the DIA is not in bankruptcy, in fact it is functioning extraordinarily well.”

WWJ Newsradio 950–01/29/2014


Kellogg Foundation To Help In Detroit Bankruptcy

The W.K. Kellogg Foundation is giving $40 million to prevent the sale of Detroit art and help city retirees.

WWJ Newsradio 950–01/28/2014

Mich. Gov. Rick Snyder (Credit: Bill Pugliano/Getty Images)

Gov. Snyder Plans To Aid Detroit Pensions, Save Art

“This is a settlement. This is not a bailout, and I want to be very, very clear about that,” the governor said.

WWJ Newsradio 950–01/22/2014

Detroit Emergency Manager Kevyn Orr holds a press conference to discuss federal bankruptcy Judge Steven Rhodes' ruling on Detroit's Chapter 9 bankruptcy eligibility December 3, 2013. (Credit: Bill Pugliano/Getty Images)

Kevyn Orr Says Detroit Bankruptcy Plan Still Weeks Away

Orr had promised a plan by January, but negotiations between Detroit and creditors have changed the timetable.

WWJ Newsradio 950–01/22/2014

A woman protests the City of Detroit's bankruptcy hearing at the Federal Courthouse building July 24, 2013 in Detroit, Michigan. (credit: Bill Pugliano/Getty Images)

Governor Snyder May Ask Legislature To Help Detroit Save Art, Aid Pensioners

“People would be most understanding if we’re talking about protecting pensioners vs. bailing out a city. And I think that’s what our conversation is mostly going to be about.”

CBS Detroit–01/16/2014


Detroit Bankruptcy Judge Rejects Deal With Banks, Says It’s ‘Just Too Much Money’

Reaching an agreement is considered a key step as the city comes up with a sweeping plan to exit bankruptcy.

CBS Detroit–01/16/2014

U.S. Vice President Joe Biden (left) and Detroit Mayor Mike Duggan stand on stage before the Vice President gives a speech about the future of the American auto industry at the 2014 North American International Auto Show January 16, 2014 in Detroit. (Credit:  Bill Pugliano/Getty Images)

Biden Says Auto Resurgence Good For Detroit, US

Vice President Joe Biden says the U.S. auto industry’s resurgence since the 2009 federal bailout provides a strong basis for a Motor City recovery.

WWJ Newsradio 950–01/16/2014


Cut To City Of Detroit Retiree Pensions Could Send Case To Supreme Court

A petition has been filed in the Court of Appeals against Judge Rhodes’ eligibility ruling.

WWJ Newsradio 950–01/14/2014