News

Judge orders withdrawal of Detroit bankruptcy petition

Judge orders withdrawal of Detroit bankruptcy petition

A judge has ordered a Detroit petition for bankruptcy to be withdrawn. Photo: Associated Press

DETROIT (Reuters) – A Michigan judge on Friday ordered Detroit’s state-appointed emergency manager to withdraw the federal bankruptcy petition he filed for the city on Thursday.

Ingham County Circuit Court Judge Rosemarie Aquilina’s order said the 2012 Michigan law that allowed Governor Rick Snyder to approve the city’s bankruptcy filing, the largest municipal bankruptcy filing ever in the United States, violated the Michigan Constitution.

The declaratory judgment came in lawsuits filed this month by Detroit pension funds, retirees and workers, which sought to prevent a bankruptcy filing that would ultimately impair retirement benefits in violation of constitutional protections for those benefits.

Recent Headlines

in Trending, Viral Videos

TODAY’S MUST SEE: Babies going through tunnels

Fresh
11-overlay6

You have to see these kids react to the magic of underground transportation.

in Music

Tom Petty has ‘no hard feelings’ toward Sam Smith

13-overlay3

The rocker graciously chalks up the similarities between "I Won't Back Down" and "Stay With Me" to a "musical accident."

in Sports, Viral Videos

Porcupine predicts Super Bowl winner

24-overlay2

He's been right the last three years. Can Teddy Bear the porcupine go four-for-four?

in Music

Black Sabbath rocker Geezer Butler arrested in bar brawl

geezerbutler

The bassist was arrested on suspicion of battery, vandalism, and disorderly conduct.