Oceana's Herald Journal: Front

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Tax sale generates more than $840K

More than $840,000 was generated in the sale of 33 tax foreclosed parcels at the Michigan Public Land Sale at the Little River Casino in Manistee Aug. 8.  Comments (0)

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Tuesday 09/02/2014
Attorney: Detroit needs debt plan to survive
Updated: September 02, 2014 - 7:03 pm

In this July 16, 2013 aerial file photo, the downtown of the city of Detroit is shown. Detroit Emergency Manager Kevyn Orr raised more than a few eyebrows a year ago when he took the city into bankruptcy and predicted it would be out by the time his term expired in fall 2014. Because it is by far the largest city to file for municipal bankruptcy and the issues were so complex many experts predicted it would take years to resolve. But the city will take a major step toward that goal with a trial in federal bankruptcy court that starts Tuesday, Sept 2, 2014. (AP Photo/Paul Sancya, File)

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Attorney: Detroit needs debt plan to survive
Updated: September 02, 2014 - 7:03 pm

DETROIT (AP) — The plan to restructure billions of dollars in debt is the vehicle the Motor City needs to free up funds to provide services to residents and allow the city to survive, one of Detroit's attorneys told the federal judge at the helm of the historic bankruptcy trial, which started Tuesday.

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