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Detroit raced toward this week’s bankruptcy trial

By Corey Williams
Published August 31, 2014 2:18pm ET
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Detroit raced toward this week’s bankruptcy trial
In this July 16, 2013 aerial file photo, the downtown of the city of Detroit is shown. Detroit Emergency Manager Kevyn Orr raised more than a few eyebrows a year ago when he took the city into bankruptcy and predicted it would be out by the time his term expired in fall 2014. Because it is by far the largest city to file for municipal bankruptcy and the issues were so complex many experts predicted it would take years to resolve. But the city will take a major step toward that goal with a trial in federal bankruptcy court that starts Tuesday, Sept 2, 2014. (AP Photo/Paul Sancya, File) | Paul Sancya

DETROIT (AP) — The trial to determine whether bankrupt Detroit’s restructuring plan will be approved is set to begin just over a year after the city sought court protection in July 2013.

The confirmation trial for the largest municipal bankruptcy in U.S. history starts Tuesday in federal court.

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Tag:

Budgets and Deficits Detroit Detroit Bankruptcy Michigan