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Mediator selected for Detroit bankruptcy case

Detroit Emergency Manager Kevyn Orr waits to address the media during a news conference about filing bankruptcy for the city of Detroit in D
Detroit Emergency Manager Kevyn Orr waits to address the media during a news conference about filing bankruptcy for the city of Detroit in D

DETROIT (WKZO) -- Judge Gerald Rosen will serve as the mediator between the city of Detroit and creditors in Motown's bankruptcy case.

Rosen was named to the position by U.S. Bankruptcy Judge Steven Rhodes.  He will be in charge of resolving disputes which are expected to include the overall financial health of the city and the value of the city's pension funds.

Emergency manager Kevyn Orr has reportedly reached deals with some creditors and is now offering two-billion dollars for the rest of the 11.5-billion dollars in debt.

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