Detroit’s bankruptcy trial has been postponed until Aug. 14 as Judge Steven Rhodes released a new timeline for the case today. In his order establishing new deadlines and hearing dates, Judge Rhodes says he’s balancing the interests of several stakeholders.
They include the city’s creditors, employees and retirees as well as state officials and residents of the city, region and state, the judge notes. Rhodes notes the city has caused “unfortunate delays” by not producing requested documents, but he also says creditors have submitted unreasonable requests for information.
The schedule, according to the judge, is designed to promote a “just, speedy and inexpensive determination” of Detroit’s bankruptcy, which at an estimated $18 billion of debt is the largest Chapter 9 in U.S. history.
Here’s the full text of the judge’s order with all the deadlines and hearing dates.