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A judge has ordered a Detroit petition for bankruptcy to be withdrawn.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

Recently Played

Latest Headlines

in Entertainment

This weekend’s celebrity birthdays

chappelle

Dave Chappelle, Marlee Matlin, and Scott Caan are among the celebs celebrating this weekend.

in Music

So you think you can shock? Prizes take backseat at VMAs

thicke

As Sunday's MTV Video Music Awards ceremony looms, there is stiff competition to deliver the show's next most outrageous stunt.

in Music

CHART TOPPERS: This week’s top pop songs

samsmith

LISTEN: This week's top pop songs, according to the latest Billboard charts.

in Music

Paul McCartney tops ‘richest bassist’ list

mccartney 11.42.08 AM

The Beatles legend is worth an estimated $1.2 billion.

in Entertainment

Ashton Kutcher, Mariska Hargitay dominate TV paychecks

mariska

The annual Who Earns What countdown lists the paydays of your favorite television stars.