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Detroit debt plan urged to save city in bankruptcy trial
Detroit attorney Bruce Bennett urged a plan to restructure billions in debt as essential for the city to survive and fund services, with Judge Steven Rhodes presiding. The plan would cut unsecured debt from about 12 billion to 5 billion, aided by the Grand Bargain and a state trust protecting artwork from creditors.
MENTIONED IN THIS ARTICLE
Detroit
Motor City
Bruce Bennett
Steven Rhodes
Bennett
Jones Day Law
U.S
Rhodes
Kevyn Orr
Chrysler
Syncora Guarantee
Syncora
Detroit Institute of Arts
Michigan
CIA
Orr