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A judge has ordered a Detroit petition for bankruptcy to be withdrawn.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 Local

The City of Yankton’s Sales Taxes Have Turned Around

Money Coins

After some errors by the state revenue department, the sales taxes for Yankton are looking much better.

in Local

Wanted: Marina Operator

Boater

The current lease for the operation of the marina at the Lewis and Clark State Recreation Area is set to expire at the end of this year, and the South Dakota Department of Game, Fish and Parks is looking for someone interested in taking over.

in Local

Transportation Bill Is Short Term Fix

Road Construction

Before adjourning earlier this month, Congress passed another short term transportation bill. That bill continues the bulk of funding for highway construction projects across the country, but only until next spring.

in Local

District 40 Candidates Debate

WP-Microphone

The two candidates for the District 40 Senate seat in the Nebraska Unicameral debated this week in Hartington.

in Local

Raise For Social Security Recipients

Money Coins

Folks on Social Security will see a one point seven percent increase in their benefits starting on January first.