One year anniversary of Detroit's bankruptcy

(WXYZ) - July 18 is the one year anniversary of Detroit's bankruptcy and Monday is a big day in the case in court. 

The city will report to the judge the final votes on the plan of adjustment.  Sources have said the majority of retirees have approved the plan with the grand bargain that makes pension cuts less severe and saves the Detroit art collection. 

Also on Monday, the judge will decide if Macomb County has increased creditor standing over a $26-million sewer repair in Sterling Heights in 2004 that is in dispute. 

Former Detroit Mayor Kwame Kilpatrick and contractor Bobby Ferguson are in federal prison for corruption on this and other water department projects. 

Print this article Back to Top