Judge to Get Bankruptcy Update

DETROIT (AP) -- The judge in Detroit's bankruptcy case is expected to get an update on the voting process from city lawyers.

Creditors have until July 11 to vote on Detroit's plan to get out of bankruptcy. They include thousands of retirees and current employees who are considering pension cuts and changes to health insurance.

Judge Steven Rhodes is holding a hearing Thursday.

He will start a trial on Aug. 14 on Detroit's plan. He must find that it's fair and feasible in order for the city to move forward. The votes from various classes of creditors will be part of that review.

The docket Thursday includes a dispute over whether Attorney General Bill Schuette must be sit for a deposition with lawyers from a bond insurer.


WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 264708961 - wilx.com/a?a=264708961
Gray Television, Inc.