Experts tapped to help judge in Detroit bankruptcy - Dallas News | myFOXdfw.com

Experts tapped to help judge in Detroit bankruptcy

Posted: Updated:
DETROIT (AP) -- A judge overseeing Detroit's bankruptcy has selected experts from Boston and New York to advise him on the city's plan to get out of Chapter 9.

Marti Kopacz of Phoenix Management Services will be the court's expert witness. She will give opinions on whether Detroit's plan is feasible and whether the forecast for future revenues and expenses is reasonable.

Kopacz will testify this summer when Judge Steven Rhodes holds a trial on Detroit's bankruptcy exit plan.

Rhodes also is tapping former New York Lt. Gov. Richard Ravitch for help. Ravitch won't be testifying, but he'll be a consultant working for free.

Detroit hopes to leave bankruptcy by fall. Thousands of retirees and current workers soon will vote on cuts in pension payouts.
  • Local NewsLocal NewsMore>>

  • Let It Rip Weekend Proposal One and the Mongo Brothers

    Let It Rip Weekend Proposal One and the Mongo Brothers

    Let It Rip Weekend Proposal One and the Mongo Brothers

    Monday, July 28 2014 2:46 PM EDT2014-07-28 18:46:07 GMT
    How is Proposal One tied into funding our local schools, police and fire departments, plus should African Americans abandon the Democratic Party and the UAW?
    How is Proposal One tied into funding our local schools, police and fire departments, plus should African Americans abandon the Democratic Party and the UAW?

  • Porch shooter Theodore Wafer back in court for 3rd day of trial

    Porch shooter Theodore Wafer back in court for 3rd day of trial

    Monday, July 28 2014 2:34 PM EDT2014-07-28 18:34:31 GMT
    The trial of a Detroit-area man who killed a young unarmed woman on his porch is entering its first full week of testimony.
    The trial of a Detroit-area man who killed a young unarmed woman on his porch is entering its first full week of testimony.
  • Parents of child held in basement appearing in court

    Parents of child held in basement appearing in court

    Monday, July 28 2014 2:30 PM EDT2014-07-28 18:30:40 GMT
    DETROIT -- The father and stepmother of a 12-year-old Detroit boy who was found in his basement after an 11-day disappearance are due back in court.
    DETROIT -- The father and stepmother of a 12-year-old Detroit boy who was found in his basement after an 11-day disappearance are due back in court.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices