What to expect in Detroit’s $18 billion bankruptcy vote due today

July 11, 2014 – In The News
Detroit Free Press
Michael Sweet was quoted in Detroit Free Press' article, " What to expect in Detroit's $18 billion bankruptcy vote due today." Full text can be found in the July 11, 2014, issue, but a synopsis is below.

Bank of America Merrill Lynch and UBS own the swaps in Detroit’s $18 billion dollar bankruptcy, which goes to vote July 11th.

Although not involved in the case, bankruptcy attorney Michael Sweet comments, “The judge kept putting pressure on them to do better for the city, and the city was in fact able to get a better deal for itself, so that was the right approach.”