Key decisions expected in Detroit bankruptcy case

(WXYZ) - Next week will be critical in Detroit's bankruptcy case. 

7 Action News has learned retiree committees and officials with the two city pension systems have been told to be at federal court Monday morning. 

And the closed door mediation could include top officials in the governor's office or even the governor himself. The 23,500 Detroit retirees could soon learn how much of a hit their pensions will take. 

The discussions are also expected to get to specific numbers and have experts on both sides to act as advisors.  Officials with the two pension systems say they are encouraged about this new round of talks. 

Governor Rick Snyder told 7 Action News today a negotiated settlement is always better than long litigation. 

Bankruptcy Judge Steven Rhodes has also set a status conference for Monday at 10 a.m. to check on other negotiations with creditors.

Print this article Back to Top

Comments