Reuters: Bankruptcy News: Detroit aims to file restructuring plan by year-end -attorney

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Detroit aims to file restructuring plan by year-end -attorney Aug 2nd 2013, 15:12 DETROIT | Fri Aug 2, 2013 11:12am EDT DETROIT Aug 2 (Reuters) - The city of Detroit is aiming to file its reorganization plan under its bankruptcy filing by year-end, an attorney for the city told a federal bankruptcy court judge on Friday. "Our view is that time is our enemy," David Heiman, attorney for Detroit, said during a court hearing. "The facts are not going to change no matter how long we wait. "So we aim to file a plan by the end of the year," Heiman said. The attorney also told the court the city has continued discussions with its creditors. Detroit filed for the largest municipal bankruptcy in U.S. history last month.

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