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Federal judge sets first hearing in Detroit bankruptcy case
Source: Reuters
Federal judge sets first hearing in Detroit bankruptcy case
By Bernie Woodall
DETROIT | Mon Jul 22, 2013 12:44pm EDT
(Reuters) - A federal court judge on Monday set the first hearing in Detroit's bankruptcy case for Wednesday to take up the city's request to put state lawsuits challenging the bankruptcy filing on hold.
U.S. Bankruptcy Court Judge Steven Rhodes agreed to the expedited hearing requested by Detroit's emergency manager Kevyn Orr on Friday in the wake of a Michigan court judge's order for Orr to withdraw Thursday's Chapter 9 filing on state constitutional grounds.
If granted, lawsuits seeking to stop the city's bankruptcy proceedings will be put on hold. Top Michigan state officials, Orr and others would also be protected from litigation regarding the bankruptcy petition.
Concerned that retirement benefits will be slashed, Detroit retirees, workers and pension funds have been running to state court in Michigan's capital of Lansing in an effort to derail the biggest Chapter 9 municipal bankruptcy in U.S. history.
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By Bernie Woodall
DETROIT | Mon Jul 22, 2013 12:44pm EDT
(Reuters) - A federal court judge on Monday set the first hearing in Detroit's bankruptcy case for Wednesday to take up the city's request to put state lawsuits challenging the bankruptcy filing on hold.
U.S. Bankruptcy Court Judge Steven Rhodes agreed to the expedited hearing requested by Detroit's emergency manager Kevyn Orr on Friday in the wake of a Michigan court judge's order for Orr to withdraw Thursday's Chapter 9 filing on state constitutional grounds.
If granted, lawsuits seeking to stop the city's bankruptcy proceedings will be put on hold. Top Michigan state officials, Orr and others would also be protected from litigation regarding the bankruptcy petition.
Concerned that retirement benefits will be slashed, Detroit retirees, workers and pension funds have been running to state court in Michigan's capital of Lansing in an effort to derail the biggest Chapter 9 municipal bankruptcy in U.S. history.
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Read more: http://www.reuters.com/article/2013/07/22/us-usa-detroit-hearing-idUSBRE96L0MN20130722
