Judge Steven Rhodes said he’s striking portions of a court filing by Syncora, a bond insurer that could lose millions of dollars in a trial that starts next week.
The tour, which was said to take just over three hours, covering 58 miles of a variety of the city’s areas, came ahead of bankruptcy confirmation hearings.
A judge overseeing Detroit’s bankruptcy is getting an earful from retirees who are opposed to the city’s plan to get back on its feet.
Flint, too, also has suffered a spectacular drop in population and factory jobs and a corresponding rise in property abandonment.
Thousands of Detroit retirees and city employees must have their ballots on the city’s plan of adjustment in the bankruptcy case turned in this week.
Experts are looking at ways for the cash strapped city to raise money have suggested increasing fines, and going after parking deadbeats.
“I want to say to everyone whose a resident of the city, no one is more aware of the hardship that this is going to cause to a number of different people than me,” Kevyn Orr said.
Federal Judge Steven Rhodes has ruled that, under law, pensions can be cut in Detroit’s bankruptcy.
“This entire process is illegal and it should be thrown out by Judge Rhodes.” said one protester.
The city’s emergency manager says after reforms and contract adjustments, Allen Park will avoid filing for Chapter 9 protection.