Detroit's Bankruptcy Trial Starts Tuesday

Detroit's day in court is fast approaching.

The trial to determine whether the city's bankruptcy plan will be approved starts on Tuesday.

A spokesman for Detroit's emergency manager says the city hopes to cut its $12 billion in debt to a more manageable $5 billion.

Pensioners have already approved the settlement plan.

The city sought court protection just over a year ago and is the largest US city to ever file for bankruptcy.




 
Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus