All of which is to say that confirmation of Detroit's plan of adjustment seems almost a forgone conclusion. It shouldn't be. Serious questions about the plan's feasibility remain. (Check my Municipal Bankruptcy: When Doing Less Is Doing Best (download here) and Who Bears the Cost? The Necessity of Taxpayer Representation in Chapter 9 (download here) for explanations of feasibility and its requirements.)
Yet with the skids greased and the public looking forward to a quick exit from the straitjacket of bankruptcy court supervision, I expect Judge Rhodes to enter an order confirming the plan before the end of October.