Experts tapped to help judge in Detroit bankruptcy - myfoxcarolinas.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>>

  • Family's home hit hard by storms for second time

    Family's home hit hard by storms for second time

    Wednesday, August 27 2014 8:51 PM EDT2014-08-28 00:51:07 GMT
    For Ericka Page, first came the flood, then the gas line break and Tuesday, the massive tree limb that broke off with part of it landing on her house.
    For Ericka Page, first came the flood, then the gas line break and Tuesday, the massive tree limb that broke off with part of it landing on her house.
  • Ronald Ilitch arrested with drugs, prostitute

    Ronald Ilitch arrested with drugs, prostitute

    Wednesday, August 27 2014 8:24 PM EDT2014-08-28 00:24:27 GMT
    Ronald Ilitch was arrested for possession of drugs after being found with a prostitute Wednesday afternoon, according to Detroit Police Department sources.
    Ronald Ilitch was arrested for possession of drugs after being found with a prostitute Wednesday afternoon, according to Detroit Police Department sources.
  • Student sues Monroe schools for sexual harassment, bullying by teacher

    Student sues Monroe schools for sexual harassment, bullying by teacher

    Wednesday, August 27 2014 8:06 PM EDT2014-08-28 00:06:20 GMT
    A lawsuit from a Monroe honor student alleges sexual harassment, retaliation and bullying from a teacher and says the school district did nothing about it.
    A lawsuit from a Monroe honor student alleges sexual harassment, retaliation and bullying from a teacher and says the school district did nothing about it.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

WJZY FOX 46
3501 Performance Rd.
Charlotte, NC 28214
Main Number: (704) 398-0046

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