Last year at this time, the city filed for the nation’s largest municipal bankruptcy ever. The process has moved much faster than expected.
On Monday the results of a vote by employees, retirees and creditors on whether to approve the city’s reorganization plan will be announced.
“Even in a non-controversial, non-politically charged bankruptcy, getting to this stage in only a year is quite an accomplishment,” said Michael Sweet, an expert in municipal bankruptcies.
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