Battle over bonds and loans in Detroit's bankruptcy case

(WXYZ) - Either Thursday or Friday will be the filing of the Plan of Adjustment and Disclosure Statement in Detroit's bankruptcy case. 

On Wednesday, much of the day was spent in court with city and Wall Street attorneys arguing over whether secured Bondholders can be moved to unsecured status. 

This precedent could be a tough decision for Judge Steven Rhodes. 

City attorneys also told the judge they have an agreement to settle another loan known as Certificates of Participation that was originally taken out in 2005 to make payments into employee pension systems.

Two previous settlements were rejected by Judge Rhodes.  

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