Emphasizing the desirability of consensual agreements between Detroit and its creditors compared to a unilateral plan, the federal bankruptcy judge overseeing the massive Detroit bankruptcy appointed another federal judge as the mediator to work with Detroit and its 100,000 creditors as they seek to address $18 billion of debt. The mediator, in turn, appointed a team of current and former federal judges from Michigan, Oregon, Colorado and Illinois, and has the authority to issue any order needed to facilitate mediation.
Detroit Free Press (July 24, 2013); Mlive (August 2, 2013); The Detroit News (August 13, 2013); The Detroit News (August 16, 2013); Bloomberg (August 20, 2013)

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