The Latest on the Bankruptcy of the City of Detroit with Kelsey Butler

Bob O'Brien, senior writer with The Deal, talks with colleague Kelsey Butler, the expert on bankruptcy coverage, about the latest developments in the city of Detroit's labored path back to solvency. Mired in its $18 billion bankruptcy proceeding - the largest ever for a municipal entity in the U.S. - Detroit last week filed its seventh amended plan of adjustment. This came after the city management negotiated a settlement of the litigation brought by bond insurer Syncora Guarantee, a development that Kelsey called significant. Detroit is not out of the woods - another bond insurer, Financial Guaranty Insurance Corp - is still negotiating.

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