Bankruptcy battle: $350M financing deal to pay off loan - Los Angeles News | FOX 11 LA KTTV

Bankruptcy battle: $350M financing deal to pay off higher interest loan

Posted: Updated:
(WJBK) -

Tuesday was another hearing today in the city of Detroit's legal battle over bankruptcy. At issue this time: can the city borrow $350 million dollars to pay off a higher interest loan that it took out years ago.

VIDEO: Click on the video player above to hear Fox 2's legal analyst Charlie Langton break down what happened in court   

  • Local NewsLocal NewsMore>>

  • Fire from lightning strike devastates Roseville church

    Fire from lightning strike devastates Roseville church

    Tuesday, July 29 2014 12:10 PM EDT2014-07-29 16:10:35 GMT
    A raging fire happens in Roseville and of all places to be struck by lightning - the steeple of the New Life Church of God in Christ.Pastor Darrell Moore and his family are devastated."I got here and I found out I really didn't have a church anymore, " he said. Moore was attending a Sunday evening service at another church, when a member of new life called him repeatedly. When he finally answered, it was bad news."The fire department was here, there was water everywhere," said Mary Moore, mot...
    A raging fire happens in Roseville and of all places to be struck by lightning - the steeple of the New Life Church of God in Christ.Pastor Darrell Moore and his family are devastated."I got here and I found out I really didn't have a church anymore, " he said. Moore was attending a Sunday evening service at another church, when a member of new life called him repeatedly. When he finally answered, it was bad news."The fire department was here, there was water everywhere," said Mary Moore, mot...
  • Grosse Pointe Park's new farmer's market seen by some as a barrier to Detroit

    Grosse Pointe Park's new farmer's market seen by some as a barrier to Detroit

    Tuesday, July 29 2014 11:58 AM EDT2014-07-29 15:58:07 GMT
    Some Detroiters are calling for a boycott of Grosse Pointe Park after the city built a farmer's market that they believe cuts off access to and from Detroit.
    Some Detroiters are calling for a boycott of Grosse Pointe Park after the city built a farmer's market that they believe cuts off access to and from Detroit.
  • Neighbors tie pink ribbons to remember murdered Armada teen

    Neighbors tie pink ribbons to remember murdered Armada teen

    Tuesday, July 29 2014 10:40 AM EDT2014-07-29 14:40:12 GMT
    The community in Armada Township is pulling together to support the family of murdered 14-year-old April Millsap.
    The community in Armada Township is pulling together to support the family of murdered 14-year-old April Millsap.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices