Detroit Bankruptcy Judge Interviews Candidates Adviser
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The judge overseeing Detroit’s bankruptcy completed interviews of five candidates, including Richard Ravitch, who helped New York City resolve its fiscal crisis in the 1970s, to serve as an adviser for his evaluation of the city’s debt-adjustment plan.
U.S. Bankruptcy Judge Steven Rhodes, who is scheduled to oversee a court battle in July between the city and creditors owed $18 billion over the proposal to cut municipal debt, said in court yesterday that he will announce his selection of an adviser on April 21.