Hamtramck Lawyer To Gov.: Grant Bankruptcy 11-19-2010 - WNEM TV 5

Hamtramck Lawyer To Gov.: Grant Bankruptcy 11-19-2010

HAMTRAMCK, Mich.An attorney for the City of Hamtramck has sent a letter to Gov. Jennifer Granholm, requesting that she grant the Detroit enclave's bankruptcy request.
The Detroit News and Detroit Free Press said the letter James Allen sent Thursday also urges Granholm against appointing an emergency financial manager.
Hamtramck seeks protection from creditors and would use bankruptcy to move city unions to consider concessions.
City officials said the city faces a $3 million deficit and could run out of money on Jan. 31, 2011.
Granholm said bankruptcy "is not a good option." She said the state has previously appointed emergency financial managers to help struggling cities make politically unpopular but financially prudent decisions.
Granholm expressed concerns that cash-strapped communities would seek similar protection.
Powered by Frankly
WNEM
Powered by WorldNow CNN
All content © 2017, WNEM; Saginaw, MI. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.