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The U.S. bankruptcy court judge in the Detroit bankruptcy case yesterday removed allegations made by one of Detroit's remaining holdout creditors against mediators in the city's municipal bankruptcy case, Reuters reported today. Hon. Steven Rhodes chastised Syncora Guarantee Inc. for claiming in an Aug. 12 court filing that the mediators, Chief District Court Judge Gerald Rosen and attorney Eugene Driker, are biased. "The court finds that the allegations concerning...

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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...