Deadline approaching in Detroit bankruptcy creditor vote - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

Deadline approaching in Detroit bankruptcy creditor vote

Posted: Updated:
DETROIT (AP) -- The deadline is fast-approaching for thousands of creditors voting on state-emergency manager Kevyn Orr's bankruptcy restructuring plan for Detroit.

Ballots must be received by a consulting company in California by 5 p.m. EDT Friday or they won't be counted.

Orr spokesman Bill Nowling has said voting results are not expected until next week or later, and that the results will be announced in bankruptcy court.

About 32,000 retirees, current and former city workers are being asked to vote "yes" or "no" on a proposal to cut pensions for non-uniformed retirees by 4.5 percent and erase cost-of-living allowances. The proposal also eliminates some cost-of-living payments for retired police and firefighters.

Voting "no" could result in deeper cuts to pensions.

The city's bankruptcy trial is to start next month.

  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
  • MorningsMorningsMore>>

  • DIA to provide free bus ride Saturday

    DIA to provide free bus ride Saturday

    Friday, July 25 2014 12:45 AM EDT2014-07-25 04:45:11 GMT
    The Detroit Institute of Arts (DIA) is providing free bus transportation to and from the museum on Saturday for Wayne County residents.
    The Detroit Institute of Arts (DIA) is providing free bus transportation to and from the museum on Saturday for Wayne County residents.
  • St. Clair Riverfest July 25-27

    St. Clair Riverfest July 25-27

    Thursday, July 24 2014 4:54 PM EDT2014-07-24 20:54:46 GMT
    Chuck and Kellie Broaddus, owners of Broadco Property Restoration in Clinton Township, join "The Nine" to talk about the St. Clair Riverfest. The 9th Annual Meijer St. Clair Riverfest runs from July 25-27, the festival runs in conjunction with the 20th Anniversary of the St. Clair River Classic Offshore Powerboat Race.
    Chuck and Kellie Broaddus, owners of Broadco Property Restoration in Clinton Township, join "The Nine" to talk about the St. Clair Riverfest. The 9th Annual Meijer St. Clair Riverfest runs from July 25-27, the festival runs in conjunction with the 20th Anniversary of the St. Clair River Classic Offshore Powerboat Race.
  • JOB SHOP: The DOPE Project for Youth

    JOB SHOP: The DOPE Project for Youth

    Thursday, July 24 2014 1:17 PM EDT2014-07-24 17:17:02 GMT
    The DOPE Project (TDP) is not a typical boring lecture, or a traditional class, it instead allows kids to interact with business leaders and professionals as if they are in the real workplace.
    The DOPE Project (TDP) is not a typical boring lecture, or a traditional class, it instead allows kids to interact with business leaders and professionals as if they are in the real workplace.
Powered by WorldNow

KTBC FOX 7
119 East 10th Street
Austin, TX 78701

Phone: (512) 476-7777
Fax: (512) 495-7001

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