CHICAGO — Lawyers for bankrupt Detroit and creditors opposed to its proposed interest-rate swap settlement met with a mediator Thursday as the city prepared to reach out to the markets for debtor-in-possession financing to fund the deal's swap termination payments.

An order from U.S. Bankruptcy Court Judge Steven Rhodes, who is overseeing Detroit's historic Chapter 9 filing, barred the parties from discussing the proceedings or any developments during the closed-door session.

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