Detroit’s Turnaround is Moving FastJuly 21, 2014 – In The News
Michael A. Sweet was quoted in the CNN Money article, "Detroit’s Turnaround is Moving Fast.” Full text can be found in the July 21, 2014, issue, but a synopsis is below.
Last year at this time, the city of Detroit filed for bankruptcy, marking the largest municipal bankruptcy in U.S. history.
The process has moved faster than expected since then, with the results of a vote by employees, retirees and creditors on the city’s reorganization plan set to be announced on Monday.
"Even in a noncontroversial, nonpolitically charged bankruptcy, getting to this stage in only a year is quite an accomplishment," said Michael Sweet.