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Good morning ladies we'll this -- is being called the wind for Detroit federal judge Stephen roads ruling yesterday that unions and other creditors.
Could not go to state court with their grievances about Detroit's chapter nine bankruptcy filing.
Opponents don't want to see the pensions and the health care of retirees.
Cut ten pennies on the dollar it's estimated that Detroit has unfunded.
Pension and health care obligations of more than nine billion dollars.
But what comes next is very challenging unlike companies.
-- have to prove that they're in solvents that this state authorized the bankruptcy filing and that it was stunning good safe.
Trust me this is no easy task nearly a third of municipal bankruptcy cases filed since the year 1980 have been thrown out.
Another story this morning.
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