The deadline day has arrived for creditors to oppose Detroit's request for bankruptcy protection. Federal Judge Steven Rhodes has set today as the eligibility objection deadline in the bankruptcy ...

The legal and consultant fees that Detroit has incurred in its historic Chapter 9 bankruptcy proceedings total $178 million, according to court filings released in December. Not surprisingly, Jones ...

DETROIT — A federal judge on Wednesday swept aside lawsuits challenging Detroit’s bankruptcy, settling the first major dispute in the scramble to get a leg up just days after the largest filing by a ...

WASHINGTON (AP) – Detroit’s historic bankruptcy filing is a major setback for public employee unions that have spent years trying to ward off cuts to the pensions of millions of government workers ...

After decades of decline, the city of Detroit, once the cradle of the U.S. auto industry and middle-class urban prosperity, filed for bankruptcy on Thursday. The move not only begins the largest ...

Detroit has gotten a federal judge's go-ahead for its bankruptcy filing, the largest ever by a U.S. city — and now, the question is of who will pick up the tab for Motor City's decades of financial ...

(AP) – As the once-proud city of Detroit humbles itself in bankruptcy court, its financial future may hinge on this key question: Is the city obliged to its past? Or can Detroit renege on its promises ...

DETROIT (Reuters) - The federal judge overseeing Detroit's bankruptcy filing called the city's pension funds "unsecured creditors" and stated that any special protections for them would violate ...

A new book details the Grand Bargain that led to the settlement of Detroit’s bankruptcy. This month marks 10 years since Detroit emerged from bankruptcy. Judge Gerald E. Rosen, who mediated the ...

DETROIT, Nov 4 (Reuters) - Detroit's unions called witnesses on Monday to testify that the city does not belong in bankruptcy including representatives of a union and retirees who said a negotiated ...

The city of Detroit has filed for Chapter 9 bankruptcy, according to the Associated Press, completing the city's long, slow economic slide and marking the largest municipal bankruptcy in history.

Citing the state's constitution, which bars actions that would reduce the pensions of public employees, a Michigan judge stepped in on Friday to block Detroit's historic filing for bankruptcy. Lawyers ...