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Judge Hints Bankruptcy Code Does Not Provide Preferred Status to Detroit Pension Funds
Reuters 
Oct. 22, 2013 "The federal judge overseeing Detroit's bankruptcy filing called the city's pension funds 'unsecured creditors' and stated that any special protections for them would violate federal bankruptcy law. The statement by U.S. Bankruptcy Judge Steven Rhodes, in an exchange with an attorney representing Detroit's two pension funds, came in the closing session of a three-day hearing examining legal issues in the bankruptcy case." MORE >> |
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