Reuters: Bankruptcy News: Detroit bankruptcy to last at least a year -emergency manager

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Detroit bankruptcy to last at least a year -emergency manager Jul 18th 2013, 22:39 By Deepa Seetharaman DETROIT, July 18 | Thu Jul 18, 2013 6:39pm EDT DETROIT, July 18 (Reuters) - Detroit, which filed the largest-ever municipal bankruptcy in U.S. history on Thursday, could complete the process by late summer or fall of 2014, the city's emergency manager said on Thursday. Detroit Emergency Manager Kevyn Orr was speaking to reporters a few hours after the city filed for Chapter 9 bankruptcy protection. Creditors are expected to mount a stiff challenge to the bankruptcy, which was filed in the U.S. Bankruptcy Court in the Eastern District of Michigan.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions