Ingham County judge rules Detroit bankruptcy be withdrawn; Schuette appeals

[5.56NATO]

Lansing— Ruling the governor and Detroit’s emergency manager violated the state constitution, an Ingham County Circuit judge ordered Friday that Detroit’s federal bankruptcy filing be withdrawn.

“It’s absolutely needed,” said Judge Rosemary Aquilina, observing she hopes Gov. Rick Snyder “reads certain sections of the (Michigan) constitution and reconsiders his actions.”

The judge said state law guards against retirement benefits being “diminished,” but there will be no such protection in federal bankruptcy court.

State-level legal skirmishing over the Chapter 9 bankruptcy effort by Snyder and Detroit Emergency Manager Kevyn Orr now will quickly move to the Michigan Court of Appeals.



From The Detroit News: http://www.detroitnews.com/article/20130719/METRO01/307190099#ixzz2Zi11joNa

[El Jefe]

http://s21.postimg.org/brvjnkagn/dem_detroit_dominoes.jpg (http://postimage.org/)

[5.56NATO]

Lol that's pretty much it isn't it.

[El Jefe]

Lol that's pretty much it isn't it.

Yep. The thing that killed me was when that idiot judge said Detroit couldn't declare bankruptcy because that wouldn't honor the President. Huh?

[5.56NATO]

Yeah that part re 0bama was tarded, but her selling point is the pensions being nulled out if bankrupsy takes place.

[El Jefe]

Yeah that part re 0bama was tarded, but her selling point is the pensions being nulled out if bankrupsy takes place.

That kinda has to happen, unless you think John Q Taxpayer should pick up the tab.