DETROIT (AP) — A judge holding a rare trial about Detroit's bankruptcy case could hear testimony from Police Chief James Craig before breaking for the weekend.

The trial is entering a third day Friday with the cross-examination of a key consultant from New York who was working onDetroit's finances even before an emergency manager was appointed in March.

Ken Buckfire says Detroit's finances were on a "razor's edge" weeks before the bankruptcy filing in July. He says unpaid bills were stretched even more by spring.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.