municipal bankruptcy

An Ann Arbor city councilmember says the city’s expenses could outpace its revenue as soon as in the next two budget cycles. So the city council is…

LANSING, Mich. (AP) - Eight years into Michigan's economic recovery, the fiscal outlook is still unnerving for municipalities seen as ill-equipped to…

Detroit filed for Chapter 9 bankruptcy in July 2013, claiming the top spot as the largest municipal bankruptcy in the history of the United States. The…

LANSING, Mich. (AP) - Mediators in Detroit's federal bankruptcy case say that building trade unions have agreed to contribute to a fund to cover retirees'…

Governor Snyder hopes the State House will make progress toward approving the ‘Grand Bargain’ this week.Critics complain it’s not fair for the rest of the…

The judge’s decision to let the city of Detroit pursue Chapter Nine bankruptcy protection could have an effect on the municipal bond market.Municipal…

Ever since Detroit’s became the biggest in American history to seek bankruptcy protection, the term “death spiral” has been in the spotlight.The spiral…

The judge in Detroit’s bankruptcy case has denied a bid to keep some details of a controversial loan agreement secret.Judge Steven Rhodes ruled Thursday…

If anything’s clear coming from Detroit’s bankruptcy case it is this: the city needs new solutions.Daniel Howes, Detroit News business columnist, wrote…

Detroit officials and some of the city’s creditors will sit down for their first official mediation session Tuesday.The mediation was ordered by Judge…