Tuesday, December 3, 2013

Detroit is Eligible: Bankruptcy Begins

Posting this in two places on this blog, but big news today: 

Check out this article about the Detroit Bankruptcy filings and its a tough time here and for many it may get more difficult. I just pray that we are able to work through this process and better understand how we can possibly do this right.

"Judge Steven W. Rhodes of the United States Bankruptcy Court, found that Detroit was insolvent and that the pension checks of retirees could be cut during a bankruptcy proceeding, a crucial part of his decision."

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