Judge to rule on Detroit bankruptcy

Published 4:00 am Saturday, November 9, 2013

Attorneys gave closing arguments Friday in a rare trial to determine whether Detroit can become the largest municipality to fix its finances in bankruptcy court.

The daylong remarks for and against Chapter 9 reorganization now will be sorted out by Judge Steven Rhodes, who could take days to make a decision.

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A parade of attorneys, representing the city and state on one side and retirees, unions and pension funds on the other, took turns rehashing and dissecting evidence from the eight-day trial, including testimony from Michigan Gov. Rick Snyder and the man he hired to handle the city’s finances, emergency manager Kevyn Orr.

Critics repeatedly have claimed Orr sought bankruptcy for months and didn’t want to try good-faith negotiations before filing. Lawyers for Orr and Snyder counter that bankruptcy always was a last resort and only came after careful, deliberative planning and a failure to find common ground.

—From wire report

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