City retirees worry about pensions in bankruptcy ruling - New York News

City retirees worry about pensions in bankruptcy ruling

Posted: Updated:
(WJBK) -

Detroit is now hours away from finding out if it is eligible to file for Chapter 9 Bankruptcy. Judge Steve Rhodes has said he will announce his decision Tuesday at 10 a.m.

Judge Rhodes will answer the following questions in his ruling: Is Detroit insolvent? and, Did Detroit negotiate with its creditors in good faith before filing the bankruptcy? "Good faith" meaning a fair negotiation, and if the judge finds that it was impossible to bargain he can still allow the bankruptcy.

Unions and pensioners claim Detroit should not be eligible because the city failed to negotiate in good faith before the filing. The city denies those allegations.

"I never hesitated for one moment when I was working, and who would ever think it would've got to where we are now. I did my part I wish the city would do their part now," says Joe Wilson, a retired Detroit firefighter. He served for 31 years.


VIDEO: Click on the video player above to hear more from former Detroit firefighters in Fox 2's Randy Wimbley's report
 


Fox 2 will have extensive coverage of the ruling:

 + Tune in to Fox 2 News on your TV

 + Tune in to Fox 2 News on your tablet, computer or mobile device via our livestream inside the app or on www.myfoxdetroit.com

 + Click here to see live blog updates from inside the courtroom

 + Follow us on Twitter @Fox2News

  • Local NewsLocal NewsMore>>

  • Mark Schauer says he will not sign the 'no tax pledge'

    Mark Schauer says he will not sign the 'no tax pledge'

    Tuesday, July 29 2014 7:13 PM EDT2014-07-29 23:13:01 GMT
    The Democratic candidate for governor Mark Schauer says he will not sign the no tax pledge, and says he probably would have sent Detroit in bankruptcy if he had been governor. 
    The Democratic candidate for governor Mark Schauer says he will not sign the no tax pledge, and says he probably would have sent Detroit in bankruptcy if he had been governor. 
  • Three arrested after military reservist killed during carjacking

    Three arrested after military reservist killed during carjacking

    Tuesday, July 29 2014 7:01 PM EDT2014-07-29 23:01:39 GMT
    A third suspect is under arrest in the carjacking and murder of a young man outside the Superland Market at Schoolcraft Road and Rutland Street Monday night.
    A third suspect is under arrest in the carjacking and murder of a young man outside the Superland Market at Schoolcraft Road and Rutland Street Monday night.
  • Duggan bringing big changes to Detroit water department, starting with shutoffs

    Duggan bringing big changes to Detroit water department, starting with shutoffs

    Tuesday, July 29 2014 5:56 PM EDT2014-07-29 21:56:25 GMT
    Detroit Mayor Mike Duggan is promising big changes at the water department, starting with the controversial shutoffs."Certainly it has hurt the reputation of the city," Duggan said. "I have been anxious to do something about it for awhile and I am just glad I have a chance to do it,"Emergency Manager Kevyn Orr handed over the water department to the mayor and City Council TuesdayDuggan says better publicizing assitance programs is the biggest priority."I still don't think the people in need h...
    Detroit Mayor Mike Duggan is promising big changes at the water department, starting with the controversial shutoffs."Certainly it has hurt the reputation of the city," Duggan said. "I have been anxious to do something about it for awhile and I am just glad I have a chance to do it,"Emergency Manager Kevyn Orr handed over the water department to the mayor and City Council TuesdayDuggan says better publicizing assitance programs is the biggest priority."I still don't think the people in need h...
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
  • Local NewsLocal NewsMore>>

  • NY brothers invent machine that makes CPR easier

    NY brothers invent machine that makes CPR easier

    Tuesday, July 29 2014 6:40 PM EDT2014-07-29 22:40:57 GMT
    Only 10 percent of people who get CPR from a bystander actually survive. But two young men in Westchester County have now patented a device that could dramatically increase those odds and save lives. John and Chris DiCapua's sitting room in their parents' Westchester County home has had a unique guest lying around for quite a while now: a CPR dummy. What began as an idea from their time as Boy Scouts is now a device that could potentially save lives.
    Only 10 percent of people who get CPR from a bystander actually survive. But two young men in Westchester County have now patented a device that could dramatically increase those odds and save lives. John and Chris DiCapua's sitting room in their parents' Westchester County home has had a unique guest lying around for quite a while now: a CPR dummy. What began as an idea from their time as Boy Scouts is now a device that could potentially save lives.
  • NYC stores with no signs feed curiosity

    NYC stores with no signs feed curiosity

    Tuesday, July 29 2014 6:31 PM EDT2014-07-29 22:31:37 GMT
    From coffee shops in Brooklyn to restaurants in Manhattan, we find speakeasies standing out by blending in. When people in Bushwick want a green machine juice blend they visit Leticia Castillo's Owl Juice Pub. But first they must find the owl. "We been doing fine without a sign," Castillo says.
    From coffee shops in Brooklyn to restaurants in Manhattan, we find speakeasies standing out by blending in. When people in Bushwick want a green machine juice blend they visit Leticia Castillo's Owl Juice Pub. But first they must find the owl. "We been doing fine without a sign," Castillo says.
  • Ex-Councilman Halloran quickly convicted in bribery plot

    Ex-Councilman Halloran quickly convicted in bribery plot

    Tuesday, July 29 2014 5:53 PM EDT2014-07-29 21:53:04 GMT
    A jury took only about 90 minutes Tuesday to convict former New York City Councilman Daniel Halloran of bribery charges in a scheme to buy a spot on the mayoral ballot for state Sen. Malcolm Smith. Halloran was also found guilty of taking payoffs from what he thought were developers who wanted him to funnel city money their way. The men were actually an FBI agent and an FBI informant.
    A jury took only about 90 minutes Tuesday to convict former New York City Councilman Daniel Halloran of bribery charges in a scheme to buy a spot on the mayoral ballot for state Sen. Malcolm Smith. Halloran was also found guilty of taking payoffs from what he thought were developers who wanted him to funnel city money their way. The men were actually an FBI agent and an FBI informant.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices