creditors

Law
3:49 pm
Sat November 2, 2013

Detroit, bankruptcy creditors talking in private

(file photo)
Steve Carmody/Michigan Radio

DETROIT (AP) - While a judge determines the future of Detroit's bankruptcy case, key people are meeting behind the scenes to try to reach deals.

Private mediation sessions are scheduled for Wednesday, at the same time the city tries to convince a judge that Detroit is eligible to fix its debts in bankruptcy court. The trial in front of Judge Steven Rhodes started on Oct. 23.

Politics & Government
9:43 am
Wed July 10, 2013

This week in Michigan politics: Consolidating schools, creditors' bus tour, Detroit City Council

Matthileo Flickr

Week in Michigan politics interview for 7/10/2013

This week in Michigan politics, Jack Lessenberry and Emily Fox discuss the proposal to consolidate school districts into county-wide systems, the canceled bus tour for Detroit creditors, and the new changes on the Detroit City Council.

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Opinion
8:49 am
Tue July 9, 2013

It’s time to plan for what comes after bankruptcy in Detroit

Lessenberry commentary for 7/9/2013

During the last year of World War II, as millions died in history’s most sustained orgy of violence, other men quietly and secretly planned what to do after the war was over. They worked out the details of the division of Germany and the administration of Japan even before those countries had been occupied. Doing that in advance was essential.

Historians agree that was a precondition for Europe’s eventual recovery, and Japan’s rebirth as a prosperous democracy.  This advance planning also went a long way to prevent a new world war breaking out in the rubble of the old.

I mention this because I hope somebody is thinking about what to do when Detroit declares bankruptcy, and even more importantly, when that process is over. Planning how the city will begin the process back to some form of prosperity.

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