Detroit still readying blueprint for bankruptcy exit - New York News

Detroit still readying blueprint for bankruptcy exit

Posted: Updated:
DETROIT (WJBK) -

Detroit's creditors and residents this week are expected to get their first official glimpse of the road out of bankruptcy, although fights and tinkering over many of its most contentious elements likely will continue.

The city was thought to submit its plan Wednesday, but the major players were in court.

VIDEO: Click on the video player above to hear FOX 2 legal analyst Charlie Langton break down the day in court

The so-called plan of adjustment, due by March 1, is a blueprint of sorts for Detroit, which is undergoing the largest municipal bankruptcy in U.S. history.

-The Associated Press contributed to this report

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