DETROIT – Banks, bond insurers, employee pension systems and others standing to lose big if a federal judge declares Detroit insolvent are expected to legally file their objections to the largest municipal bankruptcy in U.S. history.
Today is the deadline for creditors to file eligibility objections to Detroit’s bankruptcy petition – marking the beginning of legal challenges for those hoping to recoup all or most of what Detroit owes them.
The deadline is one of several steps that could lead to federal Judge Steven Rhodes allowing Detroit into bankruptcy protection while it restructures. Conversely, it also could spell disaster for the struggling city if its petition is denied, allowing creditors to sue Detroit if it defaults on payments, bankruptcy expert Doug Bernstein said.
Woman found tied to bed in Philly
The discovery of a woman tied to a bed inside a Philadelphia home, suffering from sores and living in “unsuitable conditions,” prompted kidnapping and other charges Sunday against another woman, police said.
The 36-year-old victim found early Saturday “appeared to be special needs and has a limited vocabulary,” a police spokeswoman said.
Officers had responded to an unrelated disturbance call and arrested a woman before being informed that a child lived in the home. Police found no signs of a child living there, but they discovered the woman bound to a bed.
They described her as “extremely thin.” The woman was cut free and transported to a hospital for evaluation.
Police said they haven’t determined her relationship to the suspect, 46-year-old Regina Bennett.
San Diegans begin recall to oust mayor
A campaign to oust embattled San Diego Mayor Bob Filner began Sunday, as volunteers armed with clipboards and petitions fanned out to collect thousands of signatures needed to authorize a recall election.
More than a dozen women have publicly accused Filner, a Democrat, of making inappropriate statements or sexual advances. The 70-year-old former congressman has resisted numerous calls to resign. He is set to return to work this week after undergoing behavior therapy.
Recall organizers say they have raised more than $100,000 so far and more than 1,100 people have signed up to volunteer.
Idaho firefighters making progress
Fire managers expressed optimism Sunday in their battle against a wildfire that has scorched nearly 160 square miles and forced the evacuation of 2,300 homes near the central Idaho resort communities of Ketchum and Sun Valley in Idaho.
Officials said the blaze had grown by only about 12 square miles because of cloud cover the day before and the arrival of additional crews and equipment. Many firefighters worked Sunday to create protective firebreaks, or gaps in vegetation.
More than 1,200 people and 19 aircraft were battling the lightning-caused Beaver Creek Fire, which started Aug. 7. The region includes an affluent area where celebrities Arnold Schwarzenegger, Tom Hanks and Bruce Willis own getaway homes.