Bankrupt Detroit hit with new debts involving dump trucks and nuclear research

http://www.rawstory.com/rs/2014/06/24/bankrupt-detroit-hit-with-new-debts-involving-dump-trucks-and-nuclear-research/



Bankrupt Detroit hit with new debts involving dump trucks and nuclear research
By Reuters
Tuesday, June 24, 2014 19:22 EDT

(Reuters) – As if it’s not bad enough that Detroit acknowledges it owes its creditors $18 billion, another batch of would-be creditors says the city owes them much more, for garbage trucks worth $150 million to nuclear research materials valued at an alleged $1 trillion.

The city disputes those claims – along with several others scheduled for a hearing on Wednesday before U.S. Judge Steven Rhodes, who is presiding over Detroit’s bankruptcy.

The biggest municipal bankruptcy case in U.S. history is chock full of more customary creditors: city unions and pension funds, bondholders and businesses. But on Wednesday, Detroit’s attorneys will ask Judge Rhodes to disallow claims from creditors who have not provided evidence to back up their demands.

For example, Albert O’Rourke of Oceanside, California, in February filed the claim for $1 trillion. He claimed the city had lost or destroyed “Manhattan Project” nuclear research materials housed in property he owns in Detroit. The amount is based on the price tag for building various nuclear weapons and devices related to the missing materials, O’Rourke’s filing stated.