Mealey's Bankruptcy - Residents: 'Limited-Purpose' Trustee Needed In Detroit; Manager Showed 'Bad Faith'

Mealey's Bankruptcy - Residents: 'Limited-Purpose' Trustee Needed In Detroit; Manager Showed 'Bad Faith'

DETROIT - Two residents of the bankrupt City of Detroit on March 17 filed a brief in the U.S. Bankruptcy Court for the Eastern District of Michigan, arguing that the Bankruptcy Court should appoint a "limited purpose" trustee because of the emergency manager's "bad faith discharge of fiduciary responsibility" (In Re: City of Detroit, No. 13-53846, Chapter 9, E.D. Mich. Bkcy.).

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