Thursday, October 23, 2014

Skip tour, Detroit creditors tell bankruptcy judge

Creditors in Detroit bankruptcy say federal judge should view the case in court, not on a bus
Posted on June 17, 2014 at 5:47 p.m.

DETROIT (AP) — Some creditors in Detroit’s bankruptcy case want to keep the judge at the curb.

They filed an objection Tuesday to federal Judge Steven Rhodes taking a bus tour of the city. The ride is being proposed by Detroit’s legal team as a way for the judge to see warts as well as more positive scenes.

Rhodes will hold a trial in August on Detroit’s plan to get out of bankruptcy.

Bond insurers give many reasons for skipping a tour. They say the ride isn’t relevant to determining whether the city’s plan is fair and feasible.

In a footnote, they also mention security risks, saying groups could “stage incidents or confrontations” along the route.

Rhodes hasn’t decided whether he’ll ride.

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