Detroit bankruptcy

A conference in Chicago weighs lessons from Detroit's bankruptcy.

Are a statutory lien and other state-crafted protections on Detroit's first post-bankruptcy bond sale enough for investors assessing the city's long-term recovery?

Detroit is nearing its first public bond sale since bankruptcy as it posted bond documents for the deal on Thursday.

"Detroit's a much better credit than it was two years ago," its former emergency manager, Kevyn Orr, told a municipal bond market group.

Even as it stepped closer to a Michigan state takeover, Wayne County's county's chief executive said the struggling government would not travel down the same path as its largest city, Detroit.

Holders of $5.2 billion of Detroit water and sewer bonds are again playing a key role as the city attempts to execute its last big bargain struck during its bankruptcy.

Holders of $5.2 billion of Detroit water and sewer bonds will have a say in whether a new regional authority will take over the long-troubled Detroit Water and Sewerage Department.

With the possibility of Chapter 9 hanging over Detroit Public Schools, investors holding Detroit schools debt may want to consider selling, says Municipal Market Analytics.

Former Detroit Emergency Manager Kevyn Orr is returning to Jones Day, the firm he worked at prior to ushering the city through the nation's largest municipal bankruptcy.

Michigan Gov. Rick Snyder signed legislation designed to ease Detroit's first post-bankruptcy appearance in the debt market.

The Michigan Legislature has passed a bill giving Detroit bondholders a statutory lien and intercept on its income-tax bonds, a measure aimed at easing the city's first public market sale since the end of its high-profile bankruptcy.

Michigan senators approved a bill giving investors in Detroit’s income tax-backed bonds both a statutory lien and an intercept aimed at snagging at least one investment-grade rating on the city’s first post-bankruptcy bond deal set for the spring.

Hitting Wayne County, Mich. with its third downgrade in four weeks, Fitch Ratings warned that $200 million of bonds issued for a new downtown Detroit jail could be particularly vulnerable to default.

Detroit emerged from the largest municipal bankruptcy in the U.S. with stronger credit fundamentals but the city heads into the future facing major economic challenges, Moody's says in a new report.

A bill designed to ease Detroit's first appearance in the public debt market since its bankruptcy sailed through a Michigan legislative committee and could come before the Senate next week.

Detroit leaders are poised to send a $1 billion 2016 budget to the financial committee that oversees the bankrupt city that it hopes will be the first of three straight balanced budgets that would give the city financial independence by 2018.

Easing Detroit Public Schools' debt burden is considered key to the district's revival and survival, and bankruptcy is possible, according to one of the reformers working on the turnaround effort.

Michigan is reportedly looking for ways to provide debt relief for the cash-strapped Detroit Public Schools as part of a larger turnaround plan.

Federal Bankruptcy Judge Thomas Tucker, who took over Detroit's bankruptcy this week, asked attorneys to meet with him to address any lingering issues in the historic case.

U.S. Bankruptcy Court Judge Steven Rhodes, who oversaw Detroit's historic Chapter 9 bankruptcy, will retire Feb. 18, the court announced Friday.