Tuesday, June 10, 2014
(Detroit, MI) -- Trial over Detroit's debt reduction plan is being delayed three weeks and will not begin until mid-August. Yesterday U.S. Bankruptcy Judge Steven Rhodes pushed the opening of the trial to August 14th with an end date of September 23rd. In a court filing Rhodes said the trial was delayed because of the city's slow response to producing documents to objecting creditors along with unreasonable requests by Syncora Guarantee. According to city officials over one-million pages of information have already been given to Syncora. The trial was originally set to begin July 17th and finish by August 1st.