Detroit retirees vote on Detroit bankruptcy plan

ballot boxAbout 30,000 Detroit retirees are among the 110,000 creditors that will vote on Detroit’s proposed bankruptcy plan. This is as legislators prepare to vote on a proposed state contribution to help Detroit settle its debt.  The legislation has heavy opposition and some retirees believe that none of the options provided on the customized ballot are remotely satisfactory.  The ballots are due by July 11 and no one really knows what direction the votes may take as creditors and other interested parties continue to fight over how Detroit’s debt should be paid.

For the full story and more details read, “Detroit Bankruptcy Comes Home as Retirees Get Customized Ballots.”

Image Credit: FutUndBeidl