Mealey's Bankruptcy - Bankruptcy Judge Approves $120 Million Loan For Detroit

Mealey's Bankruptcy - Bankruptcy Judge Approves $120 Million Loan For Detroit

DETROIT - The federal bankruptcy judge presiding over the Chapter 9 bankruptcy of the City of Detroit on April 2 issued an order permitting the city to obtain $120 million in additional post-petition financing, a source told the LexisNexis Bankruptcy Report (In Re: The City of Detroit, No. 13-53846, Chapter 9, E.D. Mich. Bkcy.).

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