DETROIT (WKZO) -- Negotiations between the City of Detroit and hundreds of creditors began in U.S. District Court Tuesday.
Judge Gerald Rosen urged both sides to work to come to an agreement saying the future of the city and the region is at stake. A large number of creditors have complained to the court that the city didn't negotiate before filing for Chapter 9 Bankruptcy earlier this year.
Approximately 90 attorneys representing creditors and Emergency Manager Kevyn Orr's team will hold talks while Judge Rosen and his team of mediators oversee the process. The discussions are closed to the public and are confidential.