Mealey's Bankruptcy - Creditors Say Detroit Must Seek Bankruptcy Court Approval For $120M Loan

Mealey's Bankruptcy - Creditors Say Detroit Must Seek Bankruptcy Court Approval For $120M Loan

DETROIT - A group of creditors on March 13 filed a brief in the U.S. Bankruptcy Court for the Eastern District of Michigan objecting to the bankrupt City of Detroit's plan to secure $120 million in new financing without seeking Bankruptcy Court approval (In Re: City of Detroit, No. 13-53846, Chapter 9, E.D. Mich. Bkcy.).

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