The city's largest employee unions, retirees, and even dozens of residents objected Monday to Detroit's request for bankruptcy protection, the largest in U.S. history municipal filing, a move aimed at wiping away billions of dollars in debt.
Submitted by the United States, Michigan, County and Municipal Employees' Federation of 25 before the expected pension system from the two cities, bondholders, banks and others who wish to convince the federal judge Steven Rhodes opposition, do not let Detroit Emergency Chapter 9 petition manager Orr Kevyn.
, Rhodes set Monday qualifications opposition deadline. Large creditor's lawyer until just before midnight electronic filing objections. Individual creditors fear of losing their pensions and pay more for health care began Monday to challenge in court.
Early Monday evening, more than 100 objections have been submitted, including those from the union of several smaller cities.
Spokesman Orr Nowling, "Bill said:" We believe that creditors and banks will raise objections during the proceedings on the proposed adjustment program, this is our time will be completed by the end of this year.
Since 1954, 62 municipal bankruptcy in the United States to pursue 29 have been dismissed.
AFSCME, AFL-CIO and the city retirees claim in their opposition, Michigan Emergency Management Act - the powers conferred on him by Orr - weakened vested pension rights, in violation of the national constitution. They also claim that no city Orr creditors and negotiate in good faith, he has not proven Detroit insolvent.
"Better City, unelected, politically appointed emergency managers began hurriedly led unconstitutional, illegal authorized Chapter 9 commenced legal proceedings in order to seek a safe haven, bankruptcy illegally trying to cut pensions and other post-employment benefit obligations and cram etc. cut down AFSCME Detroit and other cities incumbent employees and former employees of the throat, "read their objections.
Orr in March by the state to solve Detroit's finances, hiring has said Detroit has no other choice. In the past few years, the city's budget deficit of more than $ 3 million U.S. dollars, or hovering around.
He filed for bankruptcy on July 18, claiming that the city has at least $ 1.8 billion of debt, underfunded pension and health care costs of the bonds, the lack of income to pay off the city.
Orr also stop paying $ 250 million in debt in June.
Michigan Attorney General Bill schuette, who earlier joined the battle, the city on behalf of pensioners, on Monday the Federal Court, constitutionally protected and can not be stepped on in a 20-page statement wrote.
"No reasonable person can disagree with the city of Detroit is bankrupt and emergency managers Kevyn Orr's leadership, the only way the federal bankruptcy proceedings reconstruction Motor City," Xu especially Republicans, said in a press release. "However, in the entire bankruptcy process, the protection embodied in the Michigan Constitution must be honored, respected and observed."
Competition will also be part of the city's two employee pension system will be submitted to the opposition, said spokesman Bruce Babiarz, Detroit Police and Fire Retirement System and the General Retirement System.
The system is the city's two largest unsecured creditors.
Detroit has about 21,000 retired workers benefits are owed about $ 350 million for pensions and $ 5.7 billion in retiree health insurance funded obligations.
Mary Dugans, one retired personnel, Monday to give personal objection.
"I need my pension to meet basic human needs," she said in her one-page filing. "In addition, I am 80 years old, the age-related medical conditions, so I have to pay co-payments as well as medical prescriptions, please consider my case, when you approach this important issue, thank you."
Monday deadline for objections drew protests outside federal court in Detroit.
In a group of 30 people or so, the accumulation outside the building in its submission that there is no requirement in Chapter 9, to Orr authority to submit a bankruptcy petition the consent of the elected representatives of the city's case, it was done.
"I hope that we will have the opportunity to fight in Detroit why should not be allowed to enter bankruptcy," the priest said, Michigan Chapter President Charles Williams II of the National Action Network, against the state of emergency laws.
But only the creditor's claim may have been recognized standing against Orr's petition, according to James McTevia, a member of McTevia & Associates turnaround specialists and management.
He wrote: "While there is no doubt ... the city of Detroit residents severely affected problems and the final decision, it is my opinion that they are not individually or collectively creditors," Monday in an e-mail to The Associated Press.
Monday deadline for a few steps, may lead to Rhodes judge let Detroit bankruptcy protection, while restructuring is just one of them.
Some bankruptcy experts say, it may be difficult to stop against bankruptcy, but in a few cases, they have proven to be successful. Boise County, Idaho, failed to enter bankruptcy, the county has not yet bankrupt opposition. Harrisburg, Pennsylvania, Ghana protection failure, because it is not authorized by the national law of its filing for bankruptcy protection.
The city has until Sept. 6 to submit its response to any objection to the creditor. Multi-day hearing on the eligibility issue, is expected to begin on October 23.
"Against the individual creditors in Chapter 9, the parties interested in the estate," McTevia wrote. "It is doubtful, the judge will render a blanket translated to accept or reject all objections."
 



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