Detroit To Get Crucial Ruling In Bankruptcy CaseDecember 3, 2013 – In The News
Michael Sweet was quoted in the Associated Press article "Detroit To Get Crucial Ruling In Bankruptcy Case." While the full text can be found in the December 3, 2013, issue of the Associated Press, a synopsis is noted below.
Judge Steven Rhodes is expected to announce Tuesday whether Detroit is eligible for bankruptcy protection. It’s the most critical decision so far, as it could give city officials the green light to scrub the balance sheet.
"Eligibility means working down a specific checklist and making sure the city has done what it needed to do to be in court. If the city gets its ticket punched, it's game on," said Michael Sweet.
"The issue at this point is very narrow. ... I think Detroit will be ruled eligible," Sweet said. "I think the judge will find, given the factors the city and the emergency manager had to deal with, they did the best they could with what they had."