Detroit bankruptcy woes - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Detroit bankruptcy woes

Posted: Updated:

A federal judge is expected to rule Tuesday on whether Detroit is eligible for bankruptcy protection, a crucial step in the city's effort to pay off part of its overwhelming debt and to begin rebuilding its dwindling city services.

The decision is also a significant legal test for Detroit, which in July became the largest American city ever to seek bankruptcy protection. If Detroit is ruled eligible to reorganize under court protection, lawyers for the city and its appointed emergency manager may move ahead in submitting a plan to pay off part of its debts and to start reinvesting in essential services.

City officials have said such a plan could be filed before the end of the year, and that the city might emerge from bankruptcy in 2014. Whatever the judge rules, the legal battles will be far from over. Any decision is likely to bring a number of appeals.

If Detroit is found ineligible for bankruptcy protection, the city, which has already begun defaulting on some debt, is also likely to find a flood of demands and lawsuits from its creditors.

  • Local NewsLocal NewsMore>>

  • Man charged with eluding police

    Man charged with eluding police

    Wednesday, September 3 2014 12:14 AM EDT2014-09-03 04:14:16 GMT
    LAWTON, Okla._A career criminal wanted for eluding local deputies during a high-speed chase is back behind bars.In July, Comanche County deputies chased Mark Ford through central Lawton. The chase ended near Tomlinson Middle School after Ford allegedly abandoned this car and ran away. Deputies and police searched the area along with a K-9 officer, but never found the suspect until late last week.Ford was charged Tuesday with attempting to distribute drugs, attempting to elude police, and enda...
    LAWTON, Okla._A career criminal wanted for eluding local deputies during a high-speed chase is back behind bars.In July, Comanche County deputies chased Mark Ford through central Lawton. The chase ended near Tomlinson Middle School after Ford allegedly abandoned this car and ran away. Deputies and police searched the area along with a K-9 officer, but never found the suspect until late last week.Ford was charged Tuesday with attempting to distribute drugs, attempting to elude police, and enda...
  • September marks National Preparedness Month

    September marks National Preparedness Month

    Sep 02, 2014 04:46 PM2014-09-02 23:48:58 GMT
    If your family doesn't have a disaster plan then now is the time to make one.
    If your family doesn't have a disaster plan then now is the time to make one.
  • Lawton enters Stage 3 water restrictions for the first time

    Lawton enters Stage 3 water restrictions for the first time

    Tuesday, September 2 2014 7:12 PM EDT2014-09-02 23:12:26 GMT
    For the first time ever, the City of Lawton will enforce Stage 3 water restrictions on its residents.
    For the first time ever, the City of Lawton will enforce Stage 3 water restrictions on its residents.
Powered by WorldNow
KSWO-TV, 1401 SE 60th Street
Lawton, OK 73501

Telephone: (580) 355-7000
Fax: (580) 357-3811
Email: news@kswo.com

All content © Copyright 2000 - 2014 Worldnow and KSWO. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.