DETROIT (AP) — A judge ruled Tuesday that Detroit is eligible to shed billions of dollars of its long-running debt, including the pensions of thousands of workers and retirees, in a much-anticipated decision that shifts the city’s epic bankruptcy case into a new and delicate phase. Judge Steven Rhodes, who wondered aloud why the bankruptcy had not happened years ago, said pensions can be cut just like any contract because the Michigan Constitution does not offer bulletproof protection for employee benefits. But he signaled a desire for a measured approach and warned city officials that they must be prepared to defend any deep reductions. “This once proud and prosperous city can’t pay its debts. It’s insolvent,” Rhodes said in announcing that Detroit was formally eligible for the largest public bankruptcy in U.S. history.
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