NBC News is reporting that the City of Detroit’s Bankruptcy filing has taken another big step forward. Bankruptcy lawyers for both the debtor, City of Detroit, and the unions had tentatively agreed on a deal that both sides felt comfortable proposing to the bankruptcy court. The bankruptcy lawyers for each side met with a mediator […]
Archives for April 2014
Bankruptcy Court to Hear From Elected Officials
The Detroit bankruptcy Plan is nearing its home stretch and the bankruptcy court is now intent on insuring the city follows the Plan post-bankruptcy. The bankruptcy judge overseeing the case has asked for assurances from the elected officials – Detroit’s mayor and city counsel – that they will follow the Plan to provide better services […]
