The federal bankruptcy judge overseeing Detroit’s bankruptcy is looking for an expert witness. There are five candidates he is considering. The expert witness will help the judge evaluate the city’s bankruptcy plan.
Read more from the Detroit Free Press:
There is a lot of restructuring prowess behind the five candidates vying for the job of expert witness to help U.S. Bankruptcy Judge Steven Rhodes assess the feasibility of Detroit’s plan of adjustment.
Last month Rhodes said he would hire an outside expert to assess the viability of Detroit emergency manager Kevyn Orr’s proposed plan of adjustment that lays out how the city could be restructured.
The applicants are:
■William A. Brandt Jr., of Development Specialists, based in Chicago. He would lead a team at a offer of $1.6 million for 4,230 hours of work, and an additional $199,000 for expenses. Continue reading…