Detroit's historic bankruptcy will move forward after a judge ruled the broke city is eligible to shed its massive debt, and now current and former city workers are holding their breath over the fate of their pensions.U.S. Bankruptcy Judge Steven Rhode ruled Tuesday that Detroit is eligible for Chapter 9 bankruptcy protection and that city officials can negotiate with bondholders, pension funds and unions.The restructuring it's the largest municipal bankruptcy in U.S. history with an estimated $18 billion in liabilities, nearly half of which are tied to pension funds to current and retired city workers.The hearings on the city's insolvency have taken place over the past several months and hinged on whether Detroit's filing was in good faith. Only with this designation would retiree's benefits be allowed to be cut.Rhodes ruled Tuesday that Michigan's state constitution, which says pension benefits could not be touched under bankruptcy filing, was not a viable protection in bankruptcy."I...
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