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Judge rules Detroit’s eligible for bankruptcy

The judge turned down objections from unions, pension funds and retirees, which, like other creditors, could lose under any plan to solve $18 billion in long-term liabilities.

By ED WHITE | Updated on December 03, 2013
Detroit city workers protest outside the courthouse in Detroit while awaiting the bankruptcy decision. (AP Photo/Carlos Osorio)

DETROIT (AP) — Detroit is eligible to shed billions in debt in the largest public bankruptcy in U.S. history, a judge said Tuesday in a long-awaited decision that now shifts the case toward how the city will accomplish that task.

Judge Steven Rhodes turned down objections from unions, pension funds and retirees, which, like other creditors, could lose under any plan to solve $18 billion in long-term liabilities.

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