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The Boston Globe

Business

Detroit’s creditors may fight insolvency

DETROIT — Banks, bond insurers, employee pension systems, and others standing to lose big if a federal judge declares Detroit insolvent are expected to file their objections to the largest municipal bankruptcy in US history.

Monday is the deadline for creditors to file eligibility objections to Detroit’s bankruptcy petition — marking the beginning of legal challenges for those hoping to recoup all or most of what Detroit owes them.

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