A U.S. bankruptcy judge ruled Tuesday that Detroit is eligible to seek relief under Chapter IX of the Federal Bankruptcy Act, but pensions payable to retired city workers will receive no special protections because their unpaid balances are subject to revision like any other creditor’s.
Judge Steven Rhodes’ ruling came in the largest municipal bankruptcy case in U.S. history. Detroit has debts totaling $18 billion, including a $3.5 billion shortage in pension funds, according to Fox News.
“This once proud and prosperous city can’t pay its debts. It’s insolvent. It’s eligible for bankruptcy,” Judge Steven Rhodes said in announcing his decision. “At the same time, it also has an opportunity for a fresh start.”
Watch the Fox News report from Mike Tobin.
As one might expect, the news that pension payments would be subject to revision wasn’t greeted favorably by everyone, especially Wayne State University graduate student Dominic Nanni. He tweeted something that sounded suspiciously akin to a threat directed at the bankruptcy judge.
Nanni deleted his tweet shortly after others began to take note, but not before one enterprising tweeter took a screen shot and sent that out to the masses:
— Mav #TeamSanta (@TheMaverick21) December 3, 2013
Here’s Nanni’s tweet with the desktop cropped out of it.
A spate of tweets soon followed. Here are a few examples:
At the same time, Nanni began walking back on his original, deleted tweet:
H/T the Twitchy Team.
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