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Judge Reschedules Trial on Detroit Bankruptcy Plan

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Bankruptcy Judge Steven Rhodes set an updated series of deadlines on Thursday for Detroit’s chapter 9, including a July 16 trial date, the Associated Press reported on Friday. The trial previously had been set for June 16, and the new schedule offers more time for all sides to negotiate and resolve disputes before then. The blueprint from state-appointed emergency manager Kevyn Orr for Detroit's restructuring and debt removal calls for the city to spend $1.5 billion over 10 years to remove blighted properties, upgrade public-safety equipment and technology and make other improvements.