Detroit had no nonbankruptcy options, adviser says

10/25/2013 | Reuters · Bloomberg Businessweek · Bond Buyer (free content), The

Kenneth Buckfire, an outside adviser hired to help Detroit avoid bankruptcy, testified that the city had no other options when it filed for bankruptcy in July. Buckfire is testifying in a case to determine whether Detroit is eligible to file for a municipal bankruptcy, which would be the largest in U.S. history.

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Reuters · Bloomberg Businessweek · Bond Buyer (free content), The

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