Detroit Seeks Creditor Votes With Divide and Conquer
April 17, 2014
Downey Brand Bankruptcy Attorney, Dale Ginter, comments on Detroit’s “divide and conquer” strategy and that it can be effective in pushing creditors to compromise.
By Steven Church for Bloomberg News
Detroit’s “divide-and-conquer” campaign to build support for its plan to shrink $18 billion in debt with a recent series of creditor accords may put pressure on holdouts to settle before a bankruptcy judge decides to push it through, lawyers following the case said.
Bloomberg Professional Service Subscribers can view the full article here.