debt service moratorium

Jun 142013
 

By Brian Chappatta, Chris Christoff & Mark Niquette, Bloomberg News – Jun 14, 2013 Detroit (9845MF), on the brink of bankruptcy with $17 billion in liabilities, will suspend payments on $2 billion of unsecured debt, beginning with an installment due today, Emergency Manager Kevyn Orr said.

Jun 142013
 
Orr will stop paying debt, makes changes with water department

  By T. Kelly, The Michigan Citizen Today, EM Kevyn Orr announced the city would stop paying unsecured debt and dedicate $750 million for reinvestment. Orr says the money, in addition to a $5.5 million grant, will go to removing blight, investing in public safety including lighting, upgrading IT and technology to bring the city […]

Jun 132013
 
Protest outside Detroit Emergency Manager’s private meeting with City creditors - Friday, June 14, 2013, 9:00 a.m.

ANTI-EM DEMONSTRATION Protest outside Detroit Emergency Manager’s private meeting with City creditors FRIDAY, JUNE 14, 2013, 9:00 a.m. Westin Detroit Metropolitan Airport 2501 Worldgateway Place (at McNamara Terminal, next to Delta departures) Gather to car pool at 7:30 am at 5920 Second Ave., Detroit, MI 48202 (at Antoinette, just above Wayne State University) Driving from […]

Jun 132013
 
Corporate Media Continues Its Defense of the Banks Which Destroyed Detroit

more pictures PANW Editor’s Note: This column published in the Detroit News is a clear reflection of the role of the corporate media in the city which has acted as a cheerleader for the banks and corporations in their ongoing destruction of Detroit. This columnist, with no substance, attempts to ridicule the idea that the […]

Jun 112013
 
EM holds required ‘community meeting’

Plans to lease Belle Isle Michigan Citizen DETROIT — No baby strollers. No large purses or book bags. Metal detectors. Three police departments — Michigan State, Wayne State University and Detroit Police departments made for a controlled environment at Detroit Emergency Manager Kevyn Orr’s first state mandated public meeting. About 100 protestors gathered out front. […]

Jun 062013
 

By T. Kelly, The Michigan Citizen, June 5, 2013 DETROIT — Attorney and Moratorium Now activist Jerry Goldberg says he and Emergency Manager Kevyn Orr are largely in agreement: It is bank debt that is causing the city’s financial crisis. How the debt is dealt with is where they differ. “We challenge the legitimacy of […]

May 242013
 

STRATEGY MEETING — MAKE THE BANKS PAY FOR DETROIT’S FINANCIAL CRISIS BUILD A MASS DEMONSTRATION WHEN EM ORR DELIVERS HIS PUBLIC REPORT Meeting Wednesday, May 29, 7:00 pm, Central United Methodist Church, 23 E. Adams, Detroit (at Grand Circus Park) Initiated by Moratorium Now! Coalition — All organizations and activists invited Call 313-680-5508 for more […]

 May 24, 2013  Posted by at 10:59 pm Uncategorized Tagged with: ,  No Responses »
May 232013
 

Moratorium NOW! Coalition’s response to Detroit Emergency Manager Kevyn Orr’s Financial and Operating Plan, issued on May 12, 2013 click here to download the statement Detroit Emergency Manager Kevyn Orr’s May 12, 2013 Financial and Operating Plan acknowledges that it is the massive debt service imposed on Detroit by the banks and financial institutions that […]

May 102013
 
People Demand Moratorium On Detroit Debt, Reparations, As Em Readies Attack

Posted on 05/09/2013 by Diane Bukowski, Voice of Detroit Hundreds rally May 4,  form coalition of activists from many sectors EM Kevyn Orr has other plans, to be outlined Mon. May 13 DETROIT – Organizers said May 4 that Detroit must mobilize immediately against the criminal global banks which have evicted 270,000 families, shut down […]