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Judge OKs Detroit’s bankruptcy

Rules city may use Chapter 9 to cut pensions and relieve other debt

December 4, 2013
By ED WHITE - Associated Press Writer , The Daily Mining Gazette

DETROIT - A federal judge ruled Tuesday that Detroit can use bankruptcy to cut employee pensions and relieve itself of other crushing debts, handing a defeat to the city's unions and retirees and shifting the case into a delicate new phase.

 
 
 

 

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