Detroit’s turnaround is moving fast

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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