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Detroit's chief financial officer said yesterday future once it exits the biggest municipal bankruptcy in U.S. history will depend on oversight, Reuters reported yesterday. "I believe the post-bankruptcy structure is absolutely critical and that right now is a big question mark," John Hill said yesetrday. Bankruptcy Judge Steven Rhodes, who is overseeing Detroit's case, recently raised the idea of a court-appointed monitor. Michigan Governor Rick Snyder (R) has...

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About ABI

The American Bankruptcy Institute is the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues.The ABI membership includes more than 13,000 attorneys, auctioneers, bankers, judges, lenders, professors, turnaround specialists, accountants and other bankruptcy professionals...More...