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Retired Judge Steven Rhodes speaks at the 'Detroit: Architects of Prosperity' panel discussion inside the Grand Hotel during the Mackinac Policy Conference, Thursday May 28, 2015, on Mackinac Island, Mich. (Tanya Moutzalias/The Ann Arbor News via AP)

Steven Rhodes, former Detroit bankruptcy judge, will lead city schools

Associated Press

FILE - This July 17, 2013 aerial photo shows the city of Detroit. On Friday, Nov. 7, 2014, federal bankruptcy judge Steven Rhodes is expected to decide whether Detroit's plan to exit bankruptcy is fair and feasible. (AP Photo/Paul Sancya, File)

Judge approves bankruptcy exit plan for Detroit

By Ed White - Associated Press

FILE - This July 12, 2012 file photo show the lanes entering the United States at the Detroit Windsor Tunnel. Detroit has reached a tentative deal to pay a key creditor 26 cents on the dollar and offer it valuable leases, a move that that could clear the biggest hurdle in the city's plan to reduce its debts and emerge from bankruptcy protection. A joint court filing Tuesday evening, Sept. 9, 2014 said Detroit and the bond insurer Syncora Guarantee &quot;have reached an agreement in principle&quot; to settle the company's $400 million claim in the nation's largest-ever municipal bankruptcy case. (AP Photo/Paul Sancya)

Detroit bankruptcy trial on hold after major deal

By ED WHITE - Associated Press

FILE- This April 9, 2008 file photo shows the city of Detroit. An attorney for Detroit is set to resume his opening statement, Wednesday, Sept. 3, 2014, at the city’s historic bankruptcy trial, after telling the judge on the first day that the city’s plan to restructure billions of dollars in debt is needed to free up funds to provide services to residents and allow it to survive. (AP Photo/Carlos Osorio, file)

Detroit’s CFO calls financial controls ‘very poor’

By COREY WILLIAMS - Associated Press

FILE - In this Nov. 2, 2005 file photo, the Detroit skyline is shown along the Detroit River. Detroit has reached a tentative deal with unions that represent thousands of employees in the bankrupt city. Mediators announced Monday, April 28, 2014 that the city and the Coalition of Detroit Unions have agreed in principle on the &#8220;major aspects&#8221; of a five-year collective bargaining agreement.(AP Photo/Paul Sancya, File)

Where things stand with Detroit’s bankruptcy plan

By The Associated Press - Associated Press

FILE-- In this July 8, 2014 file photo, Chester Clemons, a water shut-off technician for the city of Detroit, shuts off the water at a home in the Palmer Woods neighborhood of Detroit. State-appointed emergency manager Kevyn Orr issued an order placing control of Detroit’s water department in the hands of Mayor Mike Duggan. The move was announced Tuesday, July 29, 2014 and comes as the massive water system in the bankrupt city has received national and international criticism for shutting off service to thousands of customers who are 60 days or more behind on their bills. (AP Photo/The Detroit News, Elizabeth Conley)

Bankruptcy judge will weigh in on Detroit water

Associated Press

Detroit invites bankruptcy judge to tour city

Associated Press

FILE-- In this March 13, 2003 file photo, a woman views Italian sculptures at the &quot;Magnificenza! The Medici, Michelangelo and The Art of Late Renaissance Florence,&quot; at the Detroit Institute of Arts in Detroit. Valuable art is back on the docket in Detroit's bankruptcy case. A judge is holding a hearing Thursday, May 15, 2014 on many issues, including a request by some creditors to force the city to work on ways to make money from art at the Detroit Institute of Arts. (AP Photo/Paul Sancya)

Detroit bankruptcy judge nixes art access request

By Ed White - Associated Press

FILE - In this Tuesday, June 25, 2013, file photo, former New York Lt. Gov. Richard Ravitch speaks during a meeting of the State Budget Crisis Task Force at the National Constitution Center, in Philadelphia. On Tuesday, April 22, 2014, U.S. Bankruptcy Judge Steven Rhodes in Detroit appointed Ravitch as an expert consultant in the Detroit municipal bankruptcy case. Rhodes also is tapping Marti Kopacz of Phoenix Management Services to be an expert witness in the case. (AP Photo/Matt Rourke, File)

Experts tapped to help judge in Detroit bankruptcy

Associated Press

Judge interviews experts in Detroit bankruptcy

Associated Press

Judge revives talks on regional water agency

Associated Press

FILE- In this Jan. 16, 2013 file photo, Michigan Gov. Rick Snyder delivers his third annual State of the State address to a joint session of the state Legislature in the Capitol in Lansing, Mich. The city of Detroit reached tentative agreements to preserve pensions for retired police office and firefighters but cut monthly payments for other former employees, officials said Tuesday, April 15, 2014. (AP Photo/Carlos Osorio, File)

Judge wants Detroit mayor to back bankruptcy plan

By ED WHITE - Associated Press

In this July 16, 2013 aerial file photo, the downtown of the city of Detroit is shown. Federal Judge Steven Rhodes approved bankrupt Detroit's plan to settle a bad multi-million dollar pension debt deal with two banks on Friday, April 11, 2014. Rhodes signed off on the agreement to pay $85 million to UBS and Bank of America. (AP Photo/Paul Sancya)

Judge approves Detroit swaps deal with 2 banks

By COREY WILLIAMS - Associated Press

Detroit to file $85 million deal with banks

Associated Press

Judge sets June trial on Detroit bankruptcy plan

Associated Press