Judge allows appeal in Detroit bankruptcy case - FOX 35 News Orlando

Judge allows appeal in Detroit bankruptcy case

Posted: Updated:

By ED WHITE
Associated Press

DETROIT (AP) -- A judge in the Detroit bankruptcy case is allowing unions and pension funds to immediately appeal a critical decision to a higher court.

But Judge Steven Rhodes said Monday that he still needs a day or two to decide whether he'll recommend that the federal appeals court fast track the case.

At issue is Rhodes' recent decision to allow Detroit to stay in bankruptcy and restructure $18 billion in debt. The judge said the city is eligible to fix itself under Chapter 9, a ruling that also puts pensions at risk. Detroit emergency manager Kevyn Orr says pensions are underfunded by $3.5 billion.

A key matter in the appeal will be Rhodes' decision that pensions can be cut. Meanwhile, the city and its creditors continue to negotiate.

  • Local NewsLocal NewsMore>>

  • Howell man fatally shot in alleged road rage incident

    Howell man fatally shot in alleged road rage incident

    Tuesday, September 2 2014 5:08 PM EDT2014-09-02 21:08:21 GMT
    A 43-year-old Howell man was fatally shot at Chilson and Grand River in Genoa Township Tuesday afternoon. According to police, an alleged road rage incident led to the shooting.
    A 43-year-old Howell man was fatally shot at Chilson and Grand River in Genoa Township Tuesday afternoon. According to police, an alleged road rage incident led to the shooting.
  • Detroit police seek missing Amber Smith, 29

    Detroit police seek missing Amber Smith, 29

    Tuesday, September 2 2014 1:18 PM EDT2014-09-02 17:18:21 GMT
    Detroit police are asking for the public's help locating 29-year-old Amber Smith.
    Detroit police are asking for the public's help locating 29-year-old Amber Smith.
  • YOUR PHOTOS: First day of school 2014

    YOUR PHOTOS: First day of school 2014

    Tuesday, September 2 2014 11:08 AM EDT2014-09-02 15:08:59 GMT
    It's back to school day!Many kids are heading back to school today. Is yours? We'd love to see your Back to School photos.
    It's back to school day!Many kids are heading back to school today. Is yours? We'd love to see your Back to School photos.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices