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Creditors face deadline in Detroit bankruptcy case

4 years ago61 views

wochit

Wochit

Banks, bond insurers, employee pension systems and others who believe they are owed money by Detroit are up against the clock to legally voice opposition to the largest municipal bankruptcy filing in U.S. history.A federal judge set August 19th as the eligibility objection deadline in the bankruptcy petition by Detroit's state-appointed emergency manager Kevin Orr.