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Throughout the 16-month negotiation process, a cut of $7.3 billion to the debt principal was achieved, and another $3.1 billion were restructured. (Archivo)
Throughout the 16-month negotiation process, a cut of $7.3 billion to the debt principal was achieved, and another $3.1 billion were restructured. (Archivo)

The story could not have been more familiar for the audience listening to former Judge Gerald Rosen, as he spoke about his experience as the mediator of the bankruptcy proceedings in the city of Detroit, Michigan.

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