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Creditors file objections to Detroit bankruptcy

Tony Brown, left, a Department of Transportation retiree, listens to union leaders talk about what Detroit's bankruptcy filing means to thousands of retirees during a meeting in Detroit. Monday, Aug. 19, 2013, is the deadline for a host of banks, bond insurers, two employee pension systems and others standing to lose big if a federal judge declares Detroit insolvent to legally file their objections to the largest municipal bankruptcy in U.S. history.

Creditors File Objections to Detroit Bankruptcy

August 19, 2013


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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