Bankruptcy was unavoidable, Detroit lawyer tells court - Reuters

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Bankruptcy was unavoidable, Detroit lawyer tells court - Reuters Nov 8th 2013, 18:49 Washington Post Bankruptcy was unavoidable, Detroit lawyer tells court Reuters DETROIT (Reuters) - Detroit tried in good faith to negotiate an out-of-court settlement with creditors before declaring bankruptcy on July 18, even though it suspected that default was unavoidable, a lawyer for the city told a court on Friday. "I think what the city ... Detroit ran out of time to negotiate with unions as financial crisis grew worse ...Detroit Free Press Detroit Bond Insurer Sues Over Proposal to Cut PaymentsBloomberg Lawyers wrapping case in Detroit bankruptcy trialDeseret News Forbes -The Detroit News -Fox Business all 168 news articles »

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