Plunkett Cooney bankruptcy attorney Douglas C. Bernstein (far right) took part in a panel discussion for “Detroit’s Bankruptcy: Five Years Later – Past, Present and Future,” a seminar hosted recently by DBusiness magazine at the Gem Theatre in Detroit. Bernstein was one of the many professionals involved in the city of Detroit’s bankruptcy 5 years ago, which remains the largest Chapter 9 municipal bankruptcy ever filed. Also on the panel with Bernstein were (left to right) John Naglick, chief deputy CFO/finance director for the city of Detroit; former Detroit City Council Member Sheila Cockrel; and Patrick O’Keefe of O’Keefe financial advisors. “It’s remarkable how Detroit made it through the bankruptcy process. It had a perfect cast of leaders to see the process through. It was historic and the solutions were very creative,” said Bernstein who serves as the Business Law Department leader of Plunkett Cooney. “Here we are five years later, and there’s still a lot of work that needs to be done. But hopefully the city will continue to have the same financial discipline in the future.”
– Photo by John Meiu
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