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A judge has ordered a Detroit petition for bankruptcy to be withdrawn.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

Luke Bryan wants a duet partner

Fresh
25-overlay18

The country star admits he wasn't initially thinking of Karen Fairchild as a duet partner on his new album, "Kill The Lights."

in Entertainment

‘Partridge Family’ star David Cassidy discusses bankruptcy auction

Fresh
20-overlay9

The '70s star is putting his Florida mansion up for auction in September.

in Entertainment

Stallone puts ‘Rocky,’ ‘Rambo’ memorabilia up for auction

Fresh
sylvesterstallone

"Rambo" and "Rocky" fans no longer have to fight Sylvester Stallone for a piece of those movies' memorabilia.

in Viral Videos

Drunk Ron Weasley celebrates Harry Potter’s birthday

Fresh
12-overlay13

Simon Pegg visits "The Tonight Show" to wish Harry Potter an early happy birthday.

in Entertainment

10 actresses that prove 50 is the new 30

Fresh
12-overlay11

These 10 stars prove age is just a number.