Creditors File Objections to Detroit Bankruptcy

Yahoo Finance
Creditors file objections to Detroit bankruptcy

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Protesters gathered outside federal court in Detroit on Monday as creditors began filing objections to the beleaguered city's request for bankruptcy protection, the largest municipal filing in U.S. history and one aimed at digging the Motor City out of billions of dollars in debt.

Judge Steven Rhodes set Monday as the eligibility objection deadline in the bankruptcy petition by Detroit emergency manager Kevyn Orr.

Creditors — including bond holders, insurers, banks, employee pension funds, individuals and companies that provided services — have until just before midnight to file objections electronically.

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