A look at the next steps for Detroit - FOX 32 News Chicago

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>>

  • Michigan girl mauled by racoon receives wave of support

    Michigan girl mauled by racoon receives wave of support

    Tuesday, July 29 2014 4:52 PM EDT2014-07-29 20:52:22 GMT
    She told us all she wanted was to wear earrings -- and now she's got a lot of options. We'll show you how Charlotte is healing after surgery to replace her ear... and how you've made a difference. Her story includes a tragic accident, but also a tremendous outpouring of support. The 12-year-old girl from western Michigan who was attacked by a raccoon, shows us how the generosity of others is helping her heal. "This is all the jewelry people sent me," she said. Dozens of pairs of earrings and ...
    She told us all she wanted was to wear earrings -- and now she's got a lot of options. We'll show you how Charlotte is healing after surgery to replace her ear... and how you've made a difference. Her story includes a tragic accident, but also a tremendous outpouring of support. The 12-year-old girl from western Michigan who was attacked by a raccoon, shows us how the generosity of others is helping her heal. "This is all the jewelry people sent me," she said. Dozens of pairs of earrings and ...
  • Funeral arrangements set for murdered Armada teen

    Funeral arrangements set for murdered Armada teen

    Tuesday, July 29 2014 4:36 PM EDT2014-07-29 20:36:17 GMT
    Funeral arrangements have been set for the 14-year-old murdered in Armada last week. Meanwhile, investigators are still looking for a suspect.
    Funeral arrangements have been set for the 14-year-old murdered in Armada last week. Meanwhile, investigators are still looking for a suspect.
  • Fire from lightning strike devastates Roseville church

    Fire from lightning strike devastates Roseville church

    Tuesday, July 29 2014 12:10 PM EDT2014-07-29 16:10:35 GMT
    A raging fire happens in Roseville and of all places to be struck by lightning - the steeple of the New Life Church of God in Christ.Pastor Darrell Moore and his family are devastated."I got here and I found out I really didn't have a church anymore, " he said. Moore was attending a Sunday evening service at another church, when a member of new life called him repeatedly. When he finally answered, it was bad news."The fire department was here, there was water everywhere," said Mary Moore, mot...
    A raging fire happens in Roseville and of all places to be struck by lightning - the steeple of the New Life Church of God in Christ.Pastor Darrell Moore and his family are devastated."I got here and I found out I really didn't have a church anymore, " he said. Moore was attending a Sunday evening service at another church, when a member of new life called him repeatedly. When he finally answered, it was bad news."The fire department was here, there was water everywhere," said Mary Moore, mot...
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