Wednesday, July 24, 2013

Snyder protected himself from being used when the bankruptcy was filed, but, he is still in violation of the State's constitution.

In all sincerity, the unions need to hold member meetings with a court reporter to take personal scenarios to the court. This is tragic. There is no reason for it. There is another precedent with NYC in 1975 with the exact set of circumstances. This just seems so deliberately hostile to the employees of the city. 

  

2. Federal Bankruptcy Law (click here)

Even if federal bankruptcy courts proceed with resolving Detroit’s bankruptcy, federal bankruptcy law itself may prevent incursions into retirees’ pensions. Under federal law, Detroit may only file for bankruptcy if it “is specifically authorized” to do so under state law. On its face, this provision appears to preclude Detroit from filing bankruptcy, since the Michigan constitution also appears to prohibit Detroit from taking any action that would reduce its pension obligations....