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A judge has ordered a Detroit petition for bankruptcy to be withdrawn.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

Latest Stories

in Viral Videos

WATCH: Girls dive out of window in daring escape from fire

10-overlay

Two girls were trapped in a burning apartment, but thanks to the help of some alert neighbors they made it out alive.

in Entertainment

Older, wiser Schwarzenegger returns in ‘Terminator: Genisys’

15-overlay

Arnold Schwarzenegger may be older but that doesn't stop him from destroying his younger self, as the former governor returns to one of his most recognizable roles.