DETROIT, April 22 (UPI) -- A U.S. bankruptcy judge has tapped Martha Kopacz of Phoenix Management Services of Boston and former New York Lt. Gov. Richard Ravitch as consultants for Detroit's bankruptcy plan.
Ravitch helped New York get through its fiscal crisis in the 1970s and was assigned by the court to help evaluate that city’s debt-cutting plan. Kopacz, as a paid expert witness, will be asked to decide if the city's bankruptcy plan is feasible and whether the assumptions that underlie its forecasts are reasonable, according to the court filing.