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Detroit bankruptcy

Detroit bankruptcy

Americans for Prosperity Foundation Chairman David Koch. His group is launching an effort to kill the legislative appropriation that is the key to Detroit's bankruptcy settlement. (AP Photo/Phelan M. Ebenhack, File)
Americans for Prosperity Foundation Chairman David Koch. His group is launching an effort to kill the legislative appropriation that is the key to Detroit's bankruptcy settlement. (AP Photo/Phelan M. Ebenhack, File)
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Koch Brothers Group Plans to Fight Detroit Deal

Americans for Prosperity, the conservative advocacy group supported by the Koch brothers, has launched an effort to torpedo a proposed settlement in the Detroit bankruptcy case, potentially complicating chances for completing the deal just as its prospects seemed to be improving.

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People protest outside the U.S. Courthouse where federal bankruptcy Judge Steven Rhodes ruled on Detroit's Chapter 9 bankruptcy eligibility
People protest outside the U.S. Courthouse where federal bankruptcy Judge Steven Rhodes ruled on Detroit's Chapter 9 bankruptcy eligibility (Bill Pugliano/Getty Images)
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Judge: Detroit Eligible for Chapter 9 Bankruptcy

Detroit is eligible to shed billions in debt in the largest public bankruptcy in U.S. history, a judge said Tuesday in a long-awaited decision that now shifts the case toward how the city will accomplish that task.

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Judge Stops Lawsuits Against Detroit Bankruptcy

A federal judge has put a stop to lawsuits threatening Detroit's bankruptcy and declared that he will handle any challenges.

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Detroit, Michigan
Detroit, Michigan (Bill Pugliano/Getty Images)
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Detroit Files For Bankruptcy [VIDEO]

Once the very symbol of American industrial might, Detroit became the biggest U.S. city to file for bankruptcy Thursday, its finances ravaged and its neighborhoods hollowed out by a long, slow decline in population and auto manufacturing.

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