Detroit still readying blueprint for bankruptcy exit - DC News FOX 5 DC WTTG

Detroit still readying blueprint for bankruptcy exit

Posted: Updated:
DETROIT (WJBK) -

Detroit's creditors and residents this week are expected to get their first official glimpse of the road out of bankruptcy, although fights and tinkering over many of its most contentious elements likely will continue.

The city was thought to submit its plan Wednesday, but the major players were in court.

VIDEO: Click on the video player above to hear FOX 2 legal analyst Charlie Langton break down the day in court

The so-called plan of adjustment, due by March 1, is a blueprint of sorts for Detroit, which is undergoing the largest municipal bankruptcy in U.S. history.

-The Associated Press contributed to this report

  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
  • Local NewsLocal NewsMore>>

  • Power outage numbers across southeast Michigan

    Power outage numbers across southeast Michigan

    Monday, July 28 2014 10:01 AM EDT2014-07-28 14:01:04 GMT
    As of 6 a.m., approximately 165,000 DTE Energy customers are out of electric service due to the high winds and lightning that hit southeast Michigan Sunday afternoon. DTE has restored power to 21,000 customers that were affected by the storm, which included wind gusts of up to 70 m.p.h. in the DTE service area.
    As of 6 a.m., approximately 165,000 DTE Energy customers are out of electric service due to the high winds and lightning that hit southeast Michigan Sunday afternoon. DTE has restored power to 21,000 customers that were affected by the storm, which included wind gusts of up to 70 m.p.h. in the DTE service area.
  • Dollar Tree buys Family Dollar

    Dollar Tree buys Family Dollar

    Monday, July 28 2014 7:34 AM EDT2014-07-28 11:34:12 GMT
    Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.
    Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.
  • Storm damage in Oakland and Macomb counties

    Storm damage in Oakland and Macomb counties

    Monday, July 28 2014 6:27 AM EDT2014-07-28 10:27:31 GMT
    Damage was reported across Metro Detroit Sunday after severe storms moved across our area. About 200,000 customers lost power in the hail, heavy rain, strong winds, localized flooding and thunder and lightning.
    Damage was reported across Metro Detroit Sunday after severe storms moved across our area. About 200,000 customers lost power in the hail, heavy rain, strong winds, localized flooding and thunder and lightning.
Powered by WorldNow

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices