The judge overseeing Detroit's bankruptcy-filing will allow Detroit property owners to file tax appeals despite a stay preventing all legal action against the city while it is in bankruptcy ... more 
The judge overseeing Detroit's bankruptcy-filing will allow Detroit property owners to file tax appeals despite a stay preventing all legal action against the city while it is in bankruptcy court. Detroit officials will assess the value of all city owned assets, including the Detroit-Windsor Tunnel and part of the Detroit Institute of Arts collection as part of the city's efforts to restructure. In a high-stakes hearing in Detroit's bankruptcy filing, a judge approved a city plan to form a creditors' committee of retired workers, but gave unions and pension funds that opposed the plan a measure of satisfaction by declaring an independent trustee - and not the city - will select committee members. less 
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Wochit
Tue, Aug 6, 2013 12:04 PM EDT