Bankruptcy

All Articles

July 29, 2013
NBC News - Thousands of public workers in Detroit potentially face massive reductions in pension payouts after the city's declaration…
July 24, 2013
DETROIT (AP) — A federal judge agreed with Detroit on Wednesday and stopped any lawsuits challenging the city's bankruptcy...
July 24, 2013
theGRIO REPORT - After facing an estimated $18 billion debt the city of Detroit filed for bankruptcy Thursday, and has…
July 23, 2013
DETROIT (AP) — K.D. Bullock had been retired from the Detroit Police Department for nearly 17 years and was working…
July 20, 2013
OPINION - Detroit may be the first major U.S. city to file for bankruptcy, but it may not be the…
July 19, 2013
DETROIT (AP) — Michigan Gov. Rick Snyder says some Detroit creditors are not sure they will be repaid...
July 18, 2013
DETROIT (AP) — Detroit on Thursday became the largest city in U.S. history to file for bankruptcy, as the state-appointed…
July 15, 2013
DETROIT (AP) - Detroit has reached an 'important settlement' with some creditors as it negotiates ways to get rid of…
July 3, 2013
theGRIO REPORT - The fight to keep Morris Brown College afloat continues with reports that the HBCU is proposing a…
June 6, 2013
NBC PHILADELPHIA - The 4-story building that collapsed in Philadelphia was being demolished by a company owned by Griffin Campbell,…
March 26, 2013
NEWARK, N.J. (AP) — Singer Dionne Warwick owes nearly $10 million in back taxes and has filed for bankruptcy...
March 25, 2013
DETROIT (AP) - Detroit's new emergency manager offered a "sincere olive branch" Monday to local leaders who fought against creating…
March 15, 2013
theGRIO REPORT - The state’s emergency financial assistance board unanimously approved Orr an hour later making Detroit the largest city…
February 21, 2013
DETROIT (AP) - Michigan Gov. Rick Snyder says some people are already saying they don't want the job of fixing…
November 30, 2012
theGRIO REPORT - For the third time this year, the city of Detroit is staring at potential bankruptcy as legal…
October 31, 2012
Her recent "scandals" could actually happen to anyone if they don’t know the rules or they try to do a…
October 30, 2012
theGRIO REPORT - Toni Braxton has been accused of illegally transferring money to her estranged husband in an effort to…
September 11, 2012
PORT ST. LUCIE, Fla. (AP) - Less than a year after going public, the digital production company founded by director…
August 27, 2012
theGRIO REPORT - Friends, family and supporters of Morris Brown College converged on the school’s campus over the weekend for…
August 26, 2012
ATLANTA (AP) - Facing more than $30 million in debt, Morris Brown College officials have filed for Chapter 11 bankruptcy...