[cripplecreek]

Or it may not.

[DManA]

What’s the judge going to do? Confiscate all the property in the city and hand it over to the employees?

[alancarp]

"downplays the urgency ...
“Eighteen billion dollars — that’s down the road. You’re not talking about money due today"

And there lies the entire problem with politicians - Democrats in particular.

[count-your-change]

Eighteen billion dollars? Don’t worry about it, it’s not due today.

Now there’s a man who knows how to live in the present and not let tomorrow’s problems upset him today.

[RightOnTheBorder]

My knowledge of bankruptcy law is pretty limited but if the city is not allowed to go bankrupt wouldn’t they simply stop making payments until someone sued them into bankruptcy?

[PGR88]

Hurray! Detroit is not bankrupt after all! All is well!

[rottndog]

“Detroit will be at the mercy of its creditors in individual lawsuits spread amongst federal and state courts. That chaos alone could doom the city.”

Come on judge...throw Detroit in that thar briar patch...

[Svartalfiar]

Hmm... So what just might happen then is the city is dissolved, assets are turned over to the county to sell off to pay what debt they can, and then everyone else gets screwed, 0 pension, 0 city jobs, etc. Methinks the unions need to work with the city more.

[Little Ray]

It should be. There is a lot of stuff to be liquidated, starting with a very valuable art collection...

[bert]

There can be no good faith negotiations with unions because they have no good faith.

[AppyPappy]

“owing more than $18 billion in debt “

Can we make payments? We’ve been out of work.

[dynachrome]

“wolves rending the carcass piece by piece.”

That’s an idea. Libs want to re-introduce wolves to various areas. Crackheads v. wolves. Who will survive?