Finally, a date is set for Detroit bankruptcy decision

After listening to testimony during a nine-day trial that ended earlier this month, Bankruptcy Judge Stephen Rhodes has finally set a date for his decision on Detroit’s eligibility to file a bankruptcy.  Detroit, and the rest of the country, will know on December 3 whether or not Detroit will be allowed to continue under bankruptcy protection or if creditors can resume attacking the city demanding payment of past due bills.  Regardless of the decision, appeals are likely to be filed by those who disagree with the judge’s ruling.

For the full story read, “Judge sets date for Detroit bankruptcy decision.”