- Associated Press - Monday, December 15, 2014

DETROIT (AP) - A judge says Detroit must reveal later this month the total cost of fees charged by lawyers and consultants as part of the city’s bankruptcy case.

Judge Steven Rhodes on Monday told the city’s attorneys and advisers to submit final invoices within a week. The judge says Detroit then must tabulate the fees and release detail about total costs.

Rhodes is tying up loose ends in Detroit’s bankruptcy case. He approved Detroit’s historic reorganization in November, and state and city officials declared the bankruptcy over last Wednesday.

Detroit’s plan restructures its $12 billion debt load. It essentially removes and restructures $7 billion of that debt, while calling for $1.7 billion in savings and revenue over a decade to improve city services.

Fees charged to the city exceed $140 million. Mediators last week reached agreements with all parties on fees, but the judge still needs to approve them.

Mediators led by Detroit’s chief federal judge, Gerald Rosen, say their work appears to be over. They played a crucial role in striking deals between Detroit and its many creditors during the bankruptcy.

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