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Detroit bankrtupcy judge wants review of restructuring plan

A man rides his bike past graffiti that reads "Bankruptcy" in Detroit, Michigan, December 3, 2013. REUTERS/Joshua Lott
A man rides his bike past graffiti that reads "Bankruptcy" in Detroit, Michigan, December 3, 2013. REUTERS/Joshua Lott

DETROIT (WKZO) -- U.S. Bankruptcy Judge Stephen Rhodes wants an impartial municipal finance expert to review the city of Detroit's proposed restructuring plan.

In a written order Monday, Rhodes asked the city and creditors to show cause why the court should not appoint at least one expert witness to testify on the feasibility of Detroit Emergency Manager Kevyn Orr's plan of adjustment. The expert's testimony could be key during the plan conformation hearing in July.

Rhodes also ordered the city to give him additional information on how a 120-million dollar loan from London-based bank Barclays will be spent.

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