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Heated Start in the Trial on Detroit’s Fiscal Future
http://www.nytimes.com/2013/10/24/us/heated-start-in-the-trial-on-detroits-fiscal-future.html?_r=0
DETROIT — The trial over Detroit’s eligibility for bankruptcy started Wednesday with starkly different interpretations of the events leading up to the city’s historic Chapter 9 filing in July.
On one side were lawyers for the debt-ridden city, who argued that unions and retirees stonewalled out-of-court negotiations that might have saved Detroit from going bankrupt.
But according to the unions and retirees, the bankruptcy filing was nothing more than the final step in a concerted effort by Michigan’s governor to take control of the state’s largest city.
The court session on Wednesday initiated a legal battle that will determine whether Detroit becomes the nation’s largest city to reorganize its debts in United States Bankruptcy Court.
