CHICAGO — Detroit's recovery may well depend on fair treatment of its bondholders, says bankruptcy expert James Spiotto.

For Detroit, which has filed for the largest municipal bankruptcy in the U.S., revival over the long term hinges on the ability to access the capital markets to finance economic development projects that will help grow the city, Spiotto said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.