Top 4 Conflicts Detroit Will Face In Bankruptcy

Law360, New York (July 19, 2013, 9:24 PM EDT) -- As Detroit navigates its way through a bankruptcy of unprecedented proportions, the city is going to find itself facing challenges surrounding angry retirees who want to keep their benefits, bondholders being asked for massive concessions and its own ability to fix its financial infrastructure.

The cash-strapped city’s ability to maneuver its way out of Chapter 9 bankruptcy — a process that could take years, experts say — will lie in its responses to the major challenges it is bound to face from creditors, dueling state and...
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