On Air Now

Current Show

Free Talk Live   9:00 PM - 12:00 AM

Call Free Talk Live now at 1-855-450-FREE

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
61° Feels Like: 61°
Wind: WNW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Isolated Thunderstorms 56°

Tomorrow

Scattered Thunderstorms 75°

Thurs Night

Clear 53°

Alerts

Judge halts Detroit bankruptcy restructuring trial

A image of the Detroit skyline is seen on the podium where Detroit Emergency Manager Kevyn Orr and Michigan Governor Rick Snyder addressed the media about filing bankruptcy for the city of Detroit during a news conference in Detroit, Michigan July 19, 2013.
Credit: Reuters/ Rebecca Cook
A image of the Detroit skyline is seen on the podium where Detroit Emergency Manager Kevyn Orr and Michigan Governor Rick Snyder addressed the media about filing bankruptcy for the city of Detroit during a news conference in Detroit, Michigan July 19, 2013. Credit: Reuters/ Rebecca Cook

DETROIT (WKZO) -- U.S. Bankruptcy Judge Steven Rhodes has suspended a trial to determine if the city of Detroit will be able to borrow 350-million dollars from London-based bank Barclays to pay off a loan deal from 2005.  Wednesday, the judge questioned whether the proposed financing to pay UBS, Bank of America and Merrill Lynch 75 cents on the dollar was too generous and ordered the city to renegotiate with the banks.

Comments