Detroit Bankruptcy Trial Reaches 8th Day - WLNS TV 6 Lansing - Jackson | Your Local News Leader

Detroit Bankruptcy Trial Reaches 8th Day

Posted: Updated:

DETROIT (AP) - Detroit's bankruptcy trial is entering its eighth day with the return of former Michigan Treasurer Andy Dillon to the witness chair.

Dillon has been a witness for unions and pension funds challenging Detroit's eligibility to remake itself in bankruptcy court. He says he supports the bankruptcy, but a July email shows he was concerned that the city wasn't doing enough with creditors before the filing.

Good-faith negotiations are a key step to qualify for a Chapter 9 restructuring. The trial is resuming Thursday after a day off.

Dillon says Gov. Rick Snyder wanted a fast, efficient bankruptcy that could be wrapped up during the 18-month term of Detroit emergency manager Kevyn Orr.

Powered by WorldNow

2820 East Saginaw Street,
Lansing, MI  48912

Telephone: 517.372.8282
Fax: 517.372.1507
Email: webmaster@wlns.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Lansing, Inc. A Media General Company.