Detroit eligible for municipal bankruptcy; city can cut pensions, judge says (30)

The Globe and Mail 2013.12.03 21:13
Joseph Lichterman and Bernie Woodall DETROIT - Reuters Detroit is eligible for the biggest municipal bankruptcy in U.S. history because the city is broke and negotiations with its thousands of creditors were unfeasible, a federal judge said on Tuesday in a wide-ranging ruling that also said the city could cut retiree pensions. The ruling by U.S.
BANKRUPTCY, JUDGE, DETROIT, PENSION, CREDITOR, RETIREE, Levine, Craig, Duggan, USA