Recent Stories

18

Apr

2014

Sandra Svoboda

Pensioners’ deal terms prevent lawsuits over EM law, constitutional pension protections

Pensioners would agree to halt existing — and not pursue future — litigation related to Michigan laws regarding emergency managers and public pensions protections under a deal reached this week in the Detroit bankruptcy case. The provision has immediate implications

18

Apr

2014

Sandra Svoboda

Expert Witnesses: Candidates in interviews today

Bankruptcy Judge Steven Rhodes is holding job interviews of sorts today with four men and one woman who applied to work as the court’s expert witness in determining the feasibility of the city’s eventual plan to exit from bankruptcy and operate in the future. Rhodes eventually will issue a final order with parameters for the city’s […]

17

Apr

2014

Sandra Svoboda

New DWSD Talks About Regional Authority: Meet the mediators

The chief mediator in the Detroit bankruptcy case named two federal judges as mediators for continuing discussions toward a regional water authority. U.S. District Judges Sean Cox and David Lawson will facilitate discussions between the city and Macomb, Oakland and Wayne counties as they return to negotiating under the direction of Bankruptcy Judge Steven Rhodes. This morning, […]

17

Apr

2014

Sandra Svoboda

In the Pensioners’ Heads: Deal raises new questions related to voting on bankruptcy exit

This week’s tentative deals reached on Detroit pensions as part of the bankruptcy case will affect how pensioners will think when they’re eventually voting on the plan. The deal reached this week is far better for pensioners than EMergency Manager Kevn Orr had proposed but it has conditions tied to it that are beyond pensioners’ control. WDET’s Pat Batcheller talked with Douglas Bernstein, bankruptcy attorney at Plunkett-Cooney, about how that may work. “It’s really a question of risk and reward,” Bernstein says. “How much are you willing to gamble that you’re going to prevail at the end of he day, and how much are you willing to spend to get there? And in the end, is the incremental benefit worth it?” Hear the report.

17

Apr

2014

Michigan Radio

Michigan Radio: Bankruptcy at “lightning speed”

Detroit Journalism Cooperative partner Michigan Radio reports on the speed of the city’s bankruptcy proceedings, especially during this watershed week.

17

Apr

2014

Sandra Svoboda

Understanding the Bankruptcy: A Helpful Glossary

My new favorite website — and I’ll be fickle, I’m sure, so expect another one soon! – is the Glossary on the U.S. Courts website. And it’s not just for the casual bankruptcy observers. Here’s the site’s introduction: “Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the […]

17

Apr

2014

Sandra Svoboda

Another Disclosure Statement: Here it is!

The city of Detroit filed its third Disclosure Statement in its bankruptcy case. The statement, according to U.S. Bankruptcy Court, is “designed to provide ‘adequate information’ to creditors to enable them to evaluate the … plan of reorganization.” 2nd Amended Disclosure Statement 4.16.14

About

Next Chapter Detroit is a place to explore and understand the city’s bankruptcy, its impact on people and neighborhoods and its long-term implications. Powered by coverage and conversations from the media outlets of the Detroit Journalism Cooperative, the site provides fact-based reporting from trusted sources and opportunities for citizen engagement.

WDET’s Sandra Svoboda is your site guide. A veteran Detroit journalist and 24-year area resident, she’ll share stories, add insight and ask questions to help decode the bankruptcy process and the city’s restructuring.

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