Friday, August 2, 2013

Reuters: Bankruptcy News: Hearing ends without date for Detroit bankruptcy eligibility trial

Reuters: Bankruptcy News
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Hearing ends without date for Detroit bankruptcy eligibility trial
Aug 2nd 2013, 18:08

DETROIT | Fri Aug 2, 2013 2:08pm EDT

DETROIT Aug 2 (Reuters) - U.S. Bankruptcy Judge Steven Rhodes ended a nearly three-hour hearing on Friday without setting a key date in Detroit's historic bankruptcy petition: when a trial on its eligibility for bankruptcy would begin.

The judge on Tuesday proposed launching the trial, during which the city would have to prove it is insolvent and tried to negotiate with its creditors, on Oct. 23.

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