An interesting post from Tom Walsh at the Free Press discusses a prior Chapter 9 bankruptcy filing involving U.S. Bankruptcy Judge Steven Rhodes, of the Eastern District of Michigan, Detroit Division. Judge Rhodes is currently the presiding judge in the City of Detroit’s Chapter 9 Filing.
Tom Walsh writes:
Former U.S. Bankruptcy Judge Roy Reynolds Graves, who alerted me to Rhodes’ role in the Addison case, said in an e-mail that the 1994 opinion “tells us two things about how Judge Rhodes may handle the Chapter 9 of Detroit.”
“First,” Graves said, Rhodes “will not micromanage this case. Judge Rhodes sees his role in Chapter 9 as ‘hands off,’ carefully limiting his involvement to setting a timetable and then deciding the issues that are presented to the court. He will not try to steer this case in any direction. Second, he will limit court participation to those who have an actual legal stake in the outcome.”
Hopefully this allows Detroit to proceed through bankruptcy quickly to start restoration of the once proud city.
