Detroit creditors brace for haircuts, or worse, at meeting to avoid ...

06/14/13


Yahoo! News

Detroit creditors brace for haircuts, or worse, at meeting to avoid bankruptcy
Yahoo! News
It would be a first for a major U.S. city as New York, Philadelphia and Cleveland all avoided formal bankruptcy filings, noted Jim Spiotto, a municipal bankruptcy expert at law firm Chapman and Cutler. "The perception in the market today is that major ...
Detroit to stop paying some debt, putting it in defaultChicago Tribune

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