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Detroit bankruptcy ruling set for December 3rd

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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