The bankruptcy judge overseeing Detroit's historic bankruptcy filing has proposed appointing a federal judge as mediator to hash out the most difficult disputes as the city struggles to resolve more than $18 billion in bond and pension obligations.
U.S. Bankruptcy Judge Steven Rhodes has proposed appointing federal judge Gerald Rosen to oversee confidential mediation, if it is needed.
The proposal was filed Tuesday afternoon, included in a list of issues to be heard on Aug. 2.
Source: Reuters. Read full article. (link)