Detroit Says Ch. 9 Opponents Are Inventing Requirements

Law360, New York (September 09, 2013, 1:45 PM ET) -- Lawyers for Detroit hit back Friday at the 100-plus objections to its Chapter 9 eligibility bid, saying the unions, pensions and bondholders challenging its bankruptcy are ignoring key facts and inventing standards for bankruptcy protection that don’t exist.

The city, which will argue its case for eligibility before a Michigan bankruptcy judge next week, said in a consolidated response to the objections that it has met the criteria for obtaining Chapter 9 relief. Specifically, it says a state statute expressly allows an emergency manager to declare...
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