In the News

Detroit to offer creditors pennies on the dollar in pitch to avoid bankruptcy

Matt Helms
The Detroit Free Press

As Detroit's emergency financial manager gets set to begin negotiations with creditors, reportedly offering as little as 10 cents on the dollar, Plunkett Cooney bankruptcy attorney Douglas Bernstein says next week's meeting will determine whether the city and its creditors are on the "same page or the same chapter" in this ongoing financial crisis.