Legal News

Bankruptcy Trial for City of Detroit Delayed Until August
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

The plan created by the city of Detroit to repay its creditors less than the city owes in order to come out of bankruptcy has been delayed for close to one month by a federal judge who is overseeing the case in order to give the parties involved more prep time, according to Bloomberg.

The judge presiding over the case is U.S. Bankruptcy Judge Steven Rhodes. On Monday, Judge Rhodes moved the start date for the trial to August 14 from July 16. Judge Rhodes blamed the delay of the trial on the need to give creditors enough information to prep their cases against the $18 billion debt-adjustment plan created by the city of Detroit.


The creditors asked to have the trial start in the middle of September, but that request was denied by Judge Rhodes. He said that even though the city is responsible for the delay of the trial, one creditor made “unreasonable” demands for documents in the case.

Detroit filed for bankruptcy last year and has negotiated with its unions and retiree groups to limit how much the pensions will be cut. Many bond insurers fight plans that repay bondholders less than what is owed. One such entity is that of National Public Finance Guarantee Corp.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!





Search Now

Real Estate Transactional Attorney with 4-12 years of leasing experience


Irvine office of our client seeks real estate transactional attorney with 4-12 years of experience. ...

Apply Now

Complex Litigation Attorney with 3-5 years of arbitration experience


Miami office of our client seeks complex litigation attorney with 3-5 years of law firm experience i...

Apply Now

Senior Business & Commercial Litigation Attorney


Irvine office is seeking a business and commercial litigation attorney with 5+ years of experience. ...

Apply Now

Labor and Employment Attorney with 3-4 years of litigation experience

USA-CA-Los Angeles

Los Angeles office of our client seeks labor and employment attorney with 3-4 years of litigation ex...

Apply Now


Trademark & Business Law Associate | Burlington, Vermont


Downs Rachlin Martin PLLC (DRM) is seeking an Associate attorney with 1-3 years of trademark and tra...

Apply now

Patent Assistant (Patent Prosecution)


We have an immediate opening for a Patent Assistant to join our team!  The Patent Assistant pro...

Apply now

Paralegal / Legal Secretary

USA-CA-Solana Beach

Job Description and Qualifications : Paralegal / Legal Secretary - Duties will include preparat...

Apply now

Legal Secretary / Paralegal

USA-NY-Pearl River

Busy fast paced Rockland County Matrimonial firm seeking full time experienced family law paralegal ...

Apply now

Most Popular


To Top