Chapter 9: Will It Turn Detroit Around?

July 19, 2013

Photo Courtesy of McTevia & Associates

"Detroit is not going away. It's not going to be liquidated."

--Jim McTevia, on Chapter 9 Bankruptcy

Detroit has filed for Chapter 9 bankruptcy protection, but what does it mean? How long will it take, who gets paid, who doesn't? Jim McTevia has 50 years of experience as a financial turnaround expert and bankruptcy trustee. WDET's Pat Batcheller asked McTevia what Chapter 9 is and how it differs from private sector bankruptcies. Click on the audio link above to hear the conversation.

Photo Courtesy of McTevia & Associates