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Experts Tapped to Help Judge in Detroit Bankruptcy

Experts Tapped to Help Judge in Detroit Bankruptcy

A federal judge overseeing Detroit's bankruptcy has selected experts from Boston and New York to advise him on the city's plan to get out of Chapter 9.

Marti Kopacz of Phoenix Management Services will be the court's expert witness. She'll give opinions on whether Detroit's plan is feasible and whether the forecast for future revenues and expenses is reasonable.

Kopacz will testify this summer when Judge Steven Rhodes holds a trial on Detroit's bankruptcy exit plan.

Rhodes also is tapping ex-New York Lt. Gov. Richard Ravitch for help. Ravitch won't be testifying, but he'll be a consultant working for free.

Rhodes interviewed five candidates Friday.

Detroit officials say they hope to leave bankruptcy by fall. Thousands of retirees and current workers soon will vote on cuts in pension payouts.

 

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