“This is a public health emergency in the city of Detroit. We are losing our future in really socially unacceptable ways.”
Judge won’t push the city to cut public pensions or sell artwork from the Detroit Institute of Arts, but admitted nothing is off the table.
After a nine-day bankruptcy eligibility trial, U.S. Bankruptcy Judge Steven Rhodes ruled on Tuesday that Detroit can file Chapter 9 bankruptcy in order to escape the some $18 billion the city has accumulated in debt. During a 90-minute explanation of his ruling,