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 ...
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