Thursday, July 10, 2014





Banker faces cross-exam in Detroit bankruptcy


October 25. 2013 7:36AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) A judge holding a rare trial about Detroit's bankruptcy case could hear testimony from Police Chief James Craig before breaking for the weekend.


The trial is entering a third day Friday with the cross-examination of a key consultant from New York who was working on Detroit's finances even before an emergency manager was appointed in March.


Ken Buckfire says Detroit's finances were on a "razor's edge" weeks before the bankruptcy filing in July. He says unpaid bills were stretched even more by spring.


Craig is expected to testify about the impact on public safety.


A judge must determine whether Detroit is eligible to clean itself up in bankruptcy court. A key issue is whether the city held "good-faith" talks with creditors before the filing. Unions and pension funds say no.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds