Detroit Judge Appoints Kopacz, Ravitch to Advise on Plan
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Richard Ravitch, who helped New York weather its fiscal crisis in the 1970s, was named by the judge overseeing Detroit’s record municipal bankruptcy as a court consultant on that city’s debt-cutting plan.
U.S. Bankruptcy Judge Steven Rhodes in Detroit also appointed Martha Kopacz, a director at Phoenix Management Services LLC, to weigh the city’s plan to reduce $18 billion in debt, according to a court filing today.