Steven Rhodes

-Michigan News
6:18 am
Tue July 22, 2014

Detroit Bankruptcy Effort Bolstered By Pension Cut Approval

City of Detroit
Credit Wikimedia

Detroit's emergency manager is praising workers and retirees who approved pension cuts as a way to get the city out of bankruptcy. 

Results filed late Monday show the changes were endorsed by a landslide.

The tally gives the city a boost as Judge Steven Rhodes determines whether Detroit's overall strategy to scrub billions in debt is fair and feasible to all creditors.

Trial starts Aug. 14. Emergency manager Kevyn Orr says retirees made an "informed, positive decision."

Read more
-Michigan News
7:18 am
Mon July 21, 2014

Today Is An Important Day In The Detroit Bankruptcy Case

Downtown Detroit
Credit Wikipedia

Detroit due to report results from pension vote   The city of Detroit is expected to report the results of voting on pension cuts by retirees and former and current workers. The outcome will have an impact on the city's bankruptcy case, which goes to trial on August. 14th.

Read more
Michigan News
6:55 am
Thu May 15, 2014

Detroit Bankruptcy Creditors Want Access To Art

Detroit Institute of Arts
Credit Jason Mrachina / Flickr.com

Valuable art is back on the docket in Detroit's bankruptcy case. 

Read more
Michigan News
2:51 pm
Thu February 20, 2014

Detroit Bankruptcy Update

State-appointed emergency manager Kevyn Orr (right) and Michigan Gov. Rick Snyder, at a news conference in Detroit.
Credit Carlos Osorio / AP

DETROIT (AP) - The office Detroit's state-appointed emergency manager Kevyn Orr says the blueprint for the city's restructuring through and after bankruptcy is expected to be filed Friday in federal court.       Bankruptcy Judge Steven Rhodes had set a March 1 deadline for the long-awaited plan of adjustment. The plan will spell out how individual creditors will be treated as Orr reduces the city's $18 billion debt.       Spokesman Bill Nowling says Orr's office plans to file the plan with the court Friday.

Read more