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Detroit Opens Defense Of Ch. 9 Plan At Trial

By Lance Duroni ( September 2, 2014, 8:55 PM EDT) -- The battle over Detroit's plan to reverse a half-century of civic decline and escape bankruptcy $7 billion lighter in debt commenced in federal court on Tuesday, with the city holding fast that raising taxes and auctioning its prized art collection are not viable options to pay back dissident financial creditors....

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