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| + | DETROIT (AP) 鈥?Detroit has reached a tentative deal to pay a key creditor 26 cents on the dollar, a move that that could clear the biggest hurdle in the city's plan to reduce its debts and emerge from [url=http://www.avanttravel.com/michaelkorssonline.php] michael kors handbags[/url] federal bankruptcy protection.A court filing Tuesday evening says Detroit and the bond insurer Syncora Guarantee [url=http://www.symbiose.ca/images/christianlouboutin.gwij.php]Christian Louboutin Sale[/url] "have reached an agreement in principle" to settle the company's $400 million claim in the nation's largest-ever municipal bankruptcy case.Syncora spokesman Steven Schlein tells The Associated Press the company would get 26 percent of what it's owed.The two sides ask Judge Steven Rhodes to postpone the bankruptcy case trial until Friday.Syncora Guarantee and fellow bond insurer Financial Guaranty Insurance [url=http://capstone.edu.sg/images/gucciusaonlineoutlet.php]gucci outlet[/url] Co. have led a small group of creditors fighting emergency manager Kevyn Orr's plan. |
Revision as of 12:49, 30 September 2014
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