Creditors reach deadline to object to bankruptcy - FOX 29 News Philadelphia | WTXF-TV

Creditors reach deadline to object to bankruptcy

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  • Schuette endorses Detroit art deal in bankruptcy

    Schuette endorses Detroit art deal in bankruptcy

    Tuesday, June 17 2014 1:47 PM EDT2014-06-17 17:47:06 GMT
    Michigan Attorney General Bill Schuette has given his blessing to a deal that transfers control of art to the Detroit Institute of Arts.
    Michigan Attorney General Bill Schuette has given his blessing to a deal that transfers control of art to the Detroit Institute of Arts.
  • Detroit files plan to fix debt, leave bankruptcy

    Detroit files plan to fix debt, leave bankruptcy

    Friday, February 21 2014 12:49 PM EST2014-02-21 17:49:57 GMT
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
  • Gov. Snyder: 'Detroit's comeback is underway'

    Gov. Snyder: 'Detroit's comeback is underway'

    Friday, February 21 2014 11:35 AM EST2014-02-21 16:35:28 GMT
    Gov. Rick Snyder issued the following statement today on the filing of a plan of adjustment by  Detroit Emergency Manager Kevyn Orr that is part of the city's restructuring.
    Gov. Rick Snyder issued the following statement today on the filing of a plan of adjustment by  Detroit Emergency Manager Kevyn Orr that is part of the city's restructuring under Chapter 9 of the U.S. Bankruptcy Code.

By COREY WILLIAMS
Associated Press

DETROIT (AP) -- The deadline has arrived for creditors to oppose Detroit's request for bankruptcy protection.

Judge Steven Rhodes set Monday as the eligibility objection deadline in the bankruptcy petition by Detroit emergency manager Kevyn Orr.

Creditors include bond holders, insurers, banks, employee pension funds, individuals and companies that provided services.

Orr says Detroit is insolvent and unable to pay off the debt, which could be $18 billion or more. A residents' group told reporters Monday that it objects to Orr's authority as an unelected official to take the city into bankruptcy. The group is being advised by a former city attorney.

Detroit has until Sept. 6 to respond to objections. A trial is set for Oct. 23.

Detroit is the largest U.S. city to seek bankruptcy protection.

  • Local NewsLocal NewsMore>>

  • Testimony: Renisha McBride pounded on homeowner's door before being fatally shot

    Testimony: Renisha McBride pounded on homeowner's door before being fatally shot

    Thursday, July 31 2014 7:47 PM EDT2014-07-31 23:47:47 GMT
    DETROIT (AP) -- A former medical examiner sparred with a prosecutor Thursday over a wound on the hand of a woman who was fatally shot on a Detroit-area porch, telling jurors it seems to fit the defense's claim that Renisha McBride was pounding on the homeowner's doors before she was killed.Dr. Werner Spitz, a forensic pathologist, said photos of McBride's body show a "small superficial laceration" on her left hand. It "could have come from pounding on something," Spitz said.The testimony was ...
    DETROIT (AP) -- A former medical examiner sparred with a prosecutor Thursday over a wound on the hand of a woman who was fatally shot on a Detroit-area porch, telling jurors it seems to fit the defense's claim that Renisha McBride was pounding on the homeowner's doors before she was killed.Dr. Werner Spitz, a forensic pathologist, said photos of McBride's body show a "small superficial laceration" on her left hand. It "could have come from pounding on something," Spitz said.The testimony was ...
  • Twitter tussle erupts after Price traded from Tampa Bay to Detroit

    Twitter tussle erupts after Price traded from Tampa Bay to Detroit

    Thursday, July 31 2014 7:31 PM EDT2014-07-31 23:31:19 GMT
    A friendly scuffle broke out on Twitter after the news Tampa Bay Rays pitcher David Price was traded to Detroit.
    A friendly scuffle broke out on Twitter after the news Tampa Bay Rays pitcher David Price was traded to Detroit.
  • Dearborn man bound for trial for fatal soccer referee punch

    Dearborn man bound for trial for fatal soccer referee punch

    Thursday, July 31 2014 7:14 PM EDT2014-07-31 23:14:05 GMT
    A Dearborn man will see a trial for second degree murder, accused of killing a soccer referee with one punch.Baseel Abdul-Amir Saad was bound over for trial in the death of John Bienewicz in 16th District Court today.Saad was ejected from an adult soccer game in Livonia -- when witnesses say he turned around and punched Bienewicz in the face June 29 .A Wayne County medical examiner testified that Bienewicz lost consciousness before he hit the ground.The defense said that it was a competitive ...
    A Dearborn man will see a trial for second degree murder, accused of killing a soccer referee with one punch.Baseel Abdul-Amir Saad was bound over for trial in the death of John Bienewicz in 16th District Court today.Saad was ejected from an adult soccer game in Livonia -- when witnesses say he turned around and punched Bienewicz in the face June 29 .A Wayne County medical examiner testified that Bienewicz lost consciousness before he hit the ground.The defense said that it was a competitive ...
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