Critical Detroit Bankruptcy Hearing Delayed By One Week - Presented by: The Aol. On Network

The start of a critical hearing on Detroit's plan to adjust $18 billion of debt and exit bankruptcy will be delayed by one week to Aug. 21. Bankruptcy Court Judge Steven Rhodes rejected a request by city creditor Syncora Guarantee to postpone the hearing until Sept. 29, but said in his order that the bond insurer had demonstrated the need for a limited delay.



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