A look at the next steps for Detroit - New York News

A look at the next steps for Detroit

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  • Detroit BankruptcyMore>>

  • Schuette endorses Detroit art deal in bankruptcy

    Schuette endorses Detroit art deal in bankruptcy

    Tuesday, June 17 2014 1:47 PM EDT2014-06-17 17:47:06 GMT
    Michigan Attorney General Bill Schuette has given his blessing to a deal that transfers control of art to the Detroit Institute of Arts.
    Michigan Attorney General Bill Schuette has given his blessing to a deal that transfers control of art to the Detroit Institute of Arts.
  • Detroit files plan to fix debt, leave bankruptcy

    Detroit files plan to fix debt, leave bankruptcy

    Friday, February 21 2014 12:49 PM EST2014-02-21 17:49:57 GMT
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
  • Gov. Snyder: 'Detroit's comeback is underway'

    Gov. Snyder: 'Detroit's comeback is underway'

    Friday, February 21 2014 11:35 AM EST2014-02-21 16:35:28 GMT
    Gov. Rick Snyder issued the following statement today on the filing of a plan of adjustment by  Detroit Emergency Manager Kevyn Orr that is part of the city's restructuring.
    Gov. Rick Snyder issued the following statement today on the filing of a plan of adjustment by  Detroit Emergency Manager Kevyn Orr that is part of the city's restructuring under Chapter 9 of the U.S. Bankruptcy Code.
DETROIT (AP) -

Detroit became the largest U.S. city to file for bankruptcy, raising a flurry of questions about what happens next. Here's a look at what's known about the next steps:

WILL THE LIGHTS GO OUT?

The city's emergency manager, Kevyn Orr, says the city will be open and bills will be paid. And it can do things like keep police on the streets, firefighters on duty and water running. The question is whether these services will be cut later.

HOW LONG WILL IT TAKE?

Detroit is by far the largest city to file for municipal bankruptcy, and because it is, the timeframe for the case isn't known. It could take years to resolve.

WHAT HAPPENS IN COURT?

A bankruptcy judge will be appointed to oversee the case. The city will have to come forward with a list of its creditors and how much it owes them. That wasn't included in the initial Chapter 9 filing. It will also have to prove that it can't pay its bills. Orr has said previously that the city wasn't going to pay some of its debt.

A judge also will likely stay lawsuits against the city. Bankruptcy could change pension and retiree benefits, which are guaranteed under state law.

WHAT WILL THE JUDGE DO?

If the bankruptcy filing is approved, city assets could be liquidated to satisfy demands for payment. The city would propose a reorganization plan. The wide-ranging plan could include anything from selling assets, layoffs, changing union contracts and more. Then, the city would need the support of creditors to emerge from bankruptcy.

  • Local NewsLocal NewsMore>>

  • Girl drowns off Coney Island

    Girl drowns off Coney Island

    Tuesday, July 22 2014 11:07 PM EDT2014-07-23 03:07:25 GMT
    A girl from Staten Island apparently drowned off Coney Island Beach Tuesday evening, police said. Good Samaritans pulled Takara McDuffy, 10, and a 9-year-old girl from the water near Stillwell Avenue at about 7 p.m., the NYPD said. Medics took McDuffy to Coney Island Hospital where she was pronounced dead, authorities said.
    A girl from Staten Island apparently drowned off Coney Island Beach Tuesday evening, police said. Good Samaritans pulled Takara McDuffy, 10, and a 9-year-old girl from the water near Stillwell Avenue at about 7 p.m., the NYPD said. Medics took McDuffy to Coney Island Hospital where she was pronounced dead, authorities said.
  • 'Mortified': stage performers over share

    'Mortified': stage performers over share

    Tuesday, July 22 2014 10:56 PM EDT2014-07-23 02:56:08 GMT
    Some might call Jenn Wehrung a performance artist. Others, more simply, a masochist. This Brooklynite shares her deepest innermost thoughts from 6th grade in a show perhaps best summed up by its name: "Mortified."Wehrung is 37, single, and claims to have $37 in her bank account.Financially poor maybe, the ensemble real-life characters of "Mortified" are all filthy rich in memories.
    Some might call Jenn Wehrung a performance artist. Others, more simply, a masochist. This Brooklynite shares her deepest innermost thoughts from 6th grade in a show perhaps best summed up by its name: "Mortified."Wehrung is 37, single, and claims to have $37 in her bank account.Financially poor maybe, the ensemble real-life characters of "Mortified" are all filthy rich in memories.
  • FAA bans U.S. flights to Tel Aviv airport

    FAA bans U.S. flights to Tel Aviv airport

    Tuesday, July 22 2014 10:39 PM EDT2014-07-23 02:39:02 GMT
    The Federal Aviation Administration has banned U.S. carriers from flying to Israel's main airport for 24 hours. The FAA made the announcement at about 12:40 p.m. on Tuesday. This comes after two U.S. airlines cancelled all flights to Israel until further notice following a rocket landing near the Ben-Gurion Airport earlier in the day.
    The Federal Aviation Administration has banned U.S. carriers from flying to Israel's main airport for 24 hours. The FAA made the announcement at about 12:40 p.m. on Tuesday. This comes after two U.S. airlines cancelled all flights to Israel until further notice following a rocket landing near the Ben-Gurion Airport earlier in the day.
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