Detroit

Tag: Detroit

Detroit bankruptcy fees neared $14 mln in first 75 days

A report filed Tuesday by fee examiner Robert Fishman, who was appointed to work on the bankruptcy case of Detroit revealed that the city has incurred $13.7 million in professional fees and expenses in the reporting period following its July 18 bankruptcy filing.

13:43 06.02.2014

Detroit's authorities expect to save money by municipal property optimization

The authorities of US city of Detroit, Michigan, which was deemed eligible Tuesday by a US federal court for Chapter 9 bankruptcy protection, are expecting to save millions of dollars by municipal property optimization and privatization of some enterprises.

13:20 04.12.2013

US federal court declares City of Detroit eligible for bankruptcy protection

The US city of Detroit, Michigan was deemed eligible Tuesday by a US federal court for Chapter 9 bankruptcy protection, local media outlet Detroit Free Press reported.

20:34 03.12.2013

Closing arguments to get underway in Detroit bankruptcy trial

The trial to determine whether the City of Detroit’s bankruptcy should be tossed out is set to end Friday after closing arguments take place.

18:53 08.11.2013