Detroit bankruptcy coming down to the wire this weekend

DETROIT (WXYZ) - Detroit bankruptcy is coming down to the wire this weekend.

Judge Steven Rhodes is allowing the city to file its latest Plan of Adjustment on Monday.

Sources are telling 7 Action News that's to try to get last minute settlements with unions representing police officers and firefighters on the job.

Police commanders have a tentative agreement, ut Lieutenants, Sergeants and police officers do not.
Firefighters also do not.

More closed Mediation could happen tomorrow.

If deals are not made, those employees could face a "cram down" or court imposed terms this summer.

23,500 Retirees earlier reached tentative agreements for reduced pension cuts.

All retirees, employees and creditors will get to vote on the Plan of Adjustment in the coming weeks.

Detroit hopes to emerge from bankruptcy this fall.

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