So What Next? Detroit Faces Challenges After Bankruptcy

November 10, 2014

By Pat Batcheller

"It gets down to how quickly the city can tie up any remaining issues and start putting the plan in place."

Doug Bernstein, bankruptcy expert with Plunkett Cooney.

A judge has approved Detroit’s plan to emerge from bankruptcy, but there’s still some work to be done before the city officially leaves Chapter Nine protection. Judge Steven Rhodes has a status hearing Monday, where lawyers are expected to present a list of issues that still have to be settled. He also has to choose the date when the city’s restructuring plan takes effect, officially ending Detroit’s bankruptcy. Doug Bernstein is an attorney with Plunkett Cooney, specializing in bankruptcy law. He tells WDET's Pat Batcheller what should happen next as Detroit transitions out of Chapter Nine. Click on the audio links above to hear the conversation.