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>> DETROIT BANKRUPTCY Latest News

JUL 24, 2013 - Yahoo! News

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Judge in Detroit bankruptcy case calls recess

DETROIT (Reuters) - Judge Steven Rhodes will reconvene a hearing at 2 p.m. ET on Wednesday to issue a ruling on whether several lawsuits claiming that Detroit's bankruptcy filing was against the Michigan state constitution should be stayed. Rhodes on Wednesday morning heard from attorneys representing the city of Detroit and its emergency manager, Kevyn Orr, and from creditors of the city, including its retirement systems. Detroit last week filed for Chapter 9 bankruptcy protection in the largest municipal bankruptcy case in U.S. history. ...

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