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Detroit to Learn Fate of $7 Billion Debt Plan Nov. 7
Bloomberg: Detroit will learn the fate of its $7 billion debt-cutting plan on Nov. 7, the judge overseeing the historic bankruptcy said after the last major creditors reached a settlement and the city made its final pitch for the proposal.
Investors that hold about $1 billion in pension-related debt announced yesterday that they had joined the last settlement in 15-month-old case, removing the only remaining organized opposition to the bankruptcy-exit plan.
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