Report: Michigan Judge Orders Detroit Bankruptcy Filing Withdrawn

Report: Michigan Judge Orders Detroit Bankruptcy Filing Withdrawn (TPM, July 19, 2013):

A Michigan judge on Friday ordered Detroit’s emergency manager to withdraw a federal bankruptcy petition filed on behalf of the city, Reuters reported.

State Circuit Court Judge Rosemarie Aquilina ruled that the law allowing Gov. Rick Snyder (R) to authorize the bankruptcy filing was unconstitutional, according to Reuters. Aquilina ruled in favor of Detroit retirees and workers who argued the Michigan Constitution protected the retirement benefits in their city pension funds.

1 thought on “Report: Michigan Judge Orders Detroit Bankruptcy Filing Withdrawn

  1. I sure hope the judge’s rule stands. Detroit would be the 23rd city to go bankrupt in the last three years. If the pension funds are still there, I will be very surprised, but we will see.
    This trend of removing elected officials and replacing them with bureaucratic corporate bean counters who were not chosen by the people is a growing one all over America. I fear it is part of the global corporate plan to take over all nations, a city at a time.
    Waiting to see how much money is still there……..

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