April 7 (Bloomberg) — Detroit's debt-adjustment plan can't be approved under bankruptcy rules, officials from adjacent Oakland County told the judge overseeing the city's record $18 billion case.
For months, Oakland County and other suburban water users have been negotiating with Detroit's emergency financial manager, Kevyn Orr, over his proposal to bring about $47 million into the city by creating a new agency that would run the city's water and sewer system.
Oakland County, which uses Detroit's water and sewer service, said in a court filing today that the city hasn't provided creditors enough information about such a proposal.
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