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Detroit bankruptcy ruling set for December 3rd

A image of the Detroit skyline is seen on the podium where Detroit Emergency Manager Kevyn Orr and Michigan Governor Rick Snyder addressed the media about filing bankruptcy for the city of Detroit during a news conference in Detroit, Michigan July 19, 2013.
Credit: Reuters/ Rebecca Cook
A image of the Detroit skyline is seen on the podium where Detroit Emergency Manager Kevyn Orr and Michigan Governor Rick Snyder addressed the media about filing bankruptcy for the city of Detroit during a news conference in Detroit, Michigan July 19, 2013. Credit: Reuters/ Rebecca Cook

DETROIT (WKZO) -- U.S. Bankruptcy Judge Steven Rhodes will announce his ruling on whether the city of Detroit is eligible for Chapter 9 protection on December 3rd.

In a court filing Monday, Rhodes said he will discuss his ruling during a hearing next Tuesday morning, then issue a written opinion on the case.  The decision comes after a nine-day bankruptcy eligibility trial ended earlier this month.

Attorneys for the city claim the criteria for Chapter 9 has been met, but lawyers for creditors, including Detroit's pension funds, say the city did not negotiate in good faith.

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