Detroit creditor treatment and contract negotiation sent to mediation

By Caroline Salls

Pittsburgh, Aug. 16 - Two issues in the City of Detroit's Chapter 9 bankruptcy case were assigned to mediation on Friday by the U.S. Bankruptcy Court for the Eastern District of Michigan.

Specifically, mediation will be held on the treatment of the claims of the various creditor classes in a plan of adjustment and the negotiation and renegotiation of collective bargaining agreements.

As previously reported, the court appointed Gerald Rosen as mediator for all contentious issues in Detroit's case.

Detroit filed bankruptcy on July 18 under Chapter 9 case number 13-53846.

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