Detroit bankruptcy judge finally gets his big case

Newswire

By Tom Hals July 24 (Reuters) - When Judge Steven Rhodes convenes the first hearing in Detroit's bankruptcy on Wednesday, more than a hint of irony will permeate the city's federal courthouse. The 64-year-old veteran bankruptcy judge will be presiding over the biggest municipal bankruptcy in U.S. history, sifting through more than $18 billion in debt and unfunded liabilities, and taking decisions that will affect the lives of city residents, workers and ...

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