Traverse City Record-Eagle

July 19, 2013

Snyder defends Detroit filing


Traverse City Record-Eagle

---- — DETROIT (AP) — Michigan Gov. Rick Snyder said the timing of Detroit’s bankruptcy filing was slightly affected by legal challenges from opponents.

Snyder nonetheless said a filing was inevitable after he agreed this week with a recommendation from Detroit emergency manager Kevyn Orr.

Snyder spoke to reporters Thursday on a conference call, about two hours after a 16-page document was filed in bankruptcy court. He says “enough is enough of the downward spiral of Detroit.”

Snyder said the city can get a “clean slate” with a judge resolving billions in debt. Detroit has more than $18 billion in debt and other liabilities and doesn’t take in enough revenue to cover them.

City workers and retirement funds had sued to prevent Snyder from approving a bankruptcy request. That litigation will be suspended.