On Air Now

Current Show

Mark Levin Show   6:00 PM - 9:00 PM

Call Mark now at 1-877-381-3811

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
73° Feels Like: 73°
Wind: WSW 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Isolated Thunderstorms 52°

Tomorrow

Isolated Thunderstorms 79°

Thurs Night

Isolated Thunderstorms 60°

Alerts

Detroit files updated bankruptcy restructuring plan

Detroit Emergency Manager Kevyn Orr waits to address the media during a news conference about filing bankruptcy for the city of Detroit in D
Detroit Emergency Manager Kevyn Orr waits to address the media during a news conference about filing bankruptcy for the city of Detroit in D

DETROIT (WKZO) -- The City of Detroit has filed an updated bankruptcy restructuring plan.

Monday, a spokesperson for Emergency Manager Kevyn Orr said the new plan offers new details on terms of a settlement with two banks to pay off a bad pension deal. The deal also reportedly clarifies how much pension benefits will be cut for city retirees.

Officials expect further amendments to be made prior to an April 14th hearing and the adjustment plan has to be approved by federal bankruptcy Judge Steven Rhodes.

Comments