On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
63° Feels Like: 63°
Wind: NNW 7 mph Past 24 hrs - Precip: 0.23”
Current Radar for Zip

Tonight

Partly Cloudy 57°

Tomorrow

Mostly Sunny 69°

Tues Night

Clear 54°

Alerts

Detroit mailing bankruptcy plan ballots to 170,000 creditors

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) -- The City of Detroit is mailing out voting packages to about 170-thousand creditors eligible to vote on its proposed bankruptcy plan.  Those creditors will be voting on whether to accept or reject the city's plan for restructuring its debt.

A nearly 200-page document was filed with U.S. bankruptcy court late Friday detailing who is eligible to vote.  The creditors include City of Detroit retirees and others with claims against the city.  They have a deadline of 5 p.m. on June 9th to return their ballots.

The document filed Friday states "it is essential to conclude the Chapter 9 case as soon as possible so the City can return to a condition that its citizens have a right to expect."

Comments