Experts tapped to help judge in Detroit bankruptcy - New York News

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.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
  • Local NewsLocal NewsMore>>

  • Report: Joan Rivers stops breathing during surgery

    Report: Joan Rivers stops breathing during surgery

    Thursday, August 28 2014 11:29 AM EDT2014-08-28 15:29:59 GMT
    Joan Rivers was reportedly rushed to a hospital in New York City Thursday morning after she stopped breathing during a throat surgery.  TMZ reports that Rivers was undergoing the throat procedure in a clinic when she stopped breathing.
    Joan Rivers was reportedly rushed to a hospital in New York City Thursday morning after she stopped breathing during a throat surgery.  TMZ reports that Rivers was undergoing the throat procedure in a clinic when she stopped breathing.
  • Report: Missing NJ man found dead in Israeli forest

    Report: Missing NJ man found dead in Israeli forest

    Thursday, August 28 2014 11:13 AM EDT2014-08-28 15:13:32 GMT
    Israeli police said Tuesday they are searching for a young New Jersey religious student who disappeared during a hike in a forest outside Jerusalem last week. Aaron Sofer, 23, of Lakewood, N.J., has been missing since Friday, when he went on a hike with a friend in the Jerusalem Forest, said police spokesman Micky Rosenfeld.
    Israeli police said Tuesday they are searching for a young New Jersey religious student who disappeared during a hike in a forest outside Jerusalem last week. Aaron Sofer, 23, of Lakewood, N.J., has been missing since Friday, when he went on a hike with a friend in the Jerusalem Forest, said police spokesman Micky Rosenfeld.
  • RV offers legal help outside NY, NJ family courts

    RV offers legal help outside NY, NJ family courts

    Thursday, August 28 2014 11:09 AM EDT2014-08-28 15:09:22 GMT
    A new assistance program in New York and New Jersey seeks to help parents settle child support battles.
    A new assistance program in New York and New Jersey seeks to help parents settle child support battles.
Powered by WorldNow
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