According to a filing with the U.S. Bankruptcy Court Eastern District of Michigan Southern Division, Detroit is paying $164 million out of the general fund in relation to its bankruptcy filing.According to the filing, the largest sum of money to be...
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December 31, 2014, 08:01 AM
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Kevyn Orr, the Emergency Manager for the City of Detroit ("Detroit" or the "City"), today announced that the City has received a commitment for senior secured post-petition financing of up to $350 million from Barclays. The proceeds of the financing...
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October 14, 2013, 08:02 AM
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