Detroit Bankruptcy
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Key Hearing on Detroit's Historic Bankruptcy Begins in US Court
Detroit will not recover, and it may not survive as a major city if its debts are not significantly reduced during bankruptcy, a city attorney told a federal judge at the start of a critical phase of the case on Tuesday.
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Detroit bankruptcy case can go forward: US judge
The city of Detroit won judicial approval to move forward with its bankruptcy filing Tuesday despite objections from city workers fearful of losing their pensions and other creditors, local media reported.
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Bankruptcy was unavoidable, Detroit lawyer tells court
Detroit on Friday wrapped up its effort to prove that it is eligible for the largest municipal bankruptcy in US history, clashing with unions, retirees and pension funds.
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Fight over Detroit bankruptcy begins in federal court
A showdown over the biggest municipal bankruptcy filing in US history begins in a federal court on Wednesday morning as creditors challenge its legality.
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Autos troubles, race at root of Detroit collapse
Blue-collar workers poured into the cavernous auto plants of Detroit for generations, confident that a sturdy back and strong work ethic would bring them a house, a car and economic security. It was a place where the American dream came true.
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Key Hearing on Detroit's Historic Bankruptcy Begins in US Court
Detroit will not recover, and it may not survive as a major city if its debts are not significantly reduced during bankruptcy, a city attorney told a federal judge at the start of a critical phase of the case on Tuesday.
-
Detroit bankruptcy case can go forward: US judge
The city of Detroit won judicial approval to move forward with its bankruptcy filing Tuesday despite objections from city workers fearful of losing their pensions and other creditors, local media reported.
-
Bankruptcy was unavoidable, Detroit lawyer tells court
Detroit on Friday wrapped up its effort to prove that it is eligible for the largest municipal bankruptcy in US history, clashing with unions, retirees and pension funds.
-
Fight over Detroit bankruptcy begins in federal court
A showdown over the biggest municipal bankruptcy filing in US history begins in a federal court on Wednesday morning as creditors challenge its legality.
-
Autos troubles, race at root of Detroit collapse
Blue-collar workers poured into the cavernous auto plants of Detroit for generations, confident that a sturdy back and strong work ethic would bring them a house, a car and economic security. It was a place where the American dream came true.
