From top left, bankruptcy panelists Brown, Jenkins, Scorsone, Bernstein, Shafroth, Hudson Ridley, and Walling.

DETROIT, Michigan - National experts on municipal bankruptcy and public bond ratings will participate in a highly anticipated panel discussion during the Michigan Municipal League’s 2013 Convention in downtown Detroit, Sept. 17-20, 2013.

The panel discussion, which is part of the Convention closing session 8:30-11 a.m. Friday, Sept. 20, will feature national municipal bankruptcy expert Frank Shafroth, of George Mason University; Douglas Bernstein, managing partner of Plunkett Cooney's Banking, Bankruptcy and Creditors' Rights Practice Group; and Jane Hudson Ridley, senior director in U.S. Public Finance for Standard & Poor’s Rating Services; as well as Dr. Eric Scorsone, advisor to Detroit Emergency Manager Kevyn Orr and Detroit City Council President Saunteel Jenkins. The panel discussion will be moderated by Flint Mayor Dayne Walling.

Just this week the League received confirmation that Gary A. Brown will also participate in the panel. Brown, former Detroit City Council President Pro Tem, was appointed by Orr July 1 as chief operations officer to the City of Detroit. His duties and responsibilities include the oversight, management and restructuring of multiple city agencies.

This bankruptcy session was added to the Convention lineup earlier this summer immediately following news of Detroit’s bankruptcy.

The session will emphasize that the bankruptcy is of a concern to all communities across Michigan and the nation. They will also discuss the impact on the state itself, any long-term financial and governmental ramifications that might result, and if this could be the start of a serious discussion to fix a broken municipal finance system. News articles this week about additional Michigan communities of Royal Oak Township and Highland Park possibly needing emergency managers, adds to the building evidence that the state’s municipal finance system needs an overhaul.

Hundreds of city and village leaders from throughout Michigan are expected to attend the 2013 Michigan Municipal League Convention at the Detroit Marriott at the Renaissance Center. The League’s annual conference dates back to 1899 and draws municipal leaders from Ironwood to Monroe and every place in between.

Media are welcome to attend any portion of the League’s 2013 Convention in Detroit. Click here to view the full Convention schedule. Go here to view the speakers scheduled to attend. Those interested are asked to contact the League's Matt Bach, director of media relations, at mbach@mml.org and (734) 669-6317.

 

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