Plan to restructure Detroit’s debt expected Friday

Published



DETROIT (AP) — The blueprint for Detroit’s restructuring in its historic bankruptcy is expected to be filed Friday, according to a spokesman for state-appointed emergency manager Kevyn Orr.

Orr’s long-awaited plan of adjustment will spell out how pensioners, retirees, banks, bond insurers and other creditors will be treated as his team reduces Detroit’s $18 billion debt load.

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