DMX in Hot Water with Bankruptcy Watchdog
They say a Chapter 9 bankruptcy violates the state constitution that guarantees public pensions. Orr has remained quiet on this issue and, outside the bankruptcy proceedings, has sought to shift legacy costs onto both employees and retirees. Earlier this month, he announced that, starting Jan. 1, retirees younger than age 65 will no longer receive their $605-per-month health insurance coverage but will instead receive a $125 stipend to use for a private plan under the federal Affordable Care Act. Retirees older than age 65 will be enrolled in a Medicare plan but will be responsible for paying their own deductibles.
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Davis found in DMXs court filings were his monthly income (one filing reported $5,000; another pegged it at $1,667) as well as the fact that he listed $0 worth of clothing among his assets yet has said he spends $1,000 per month on clothes . Ms. Davis also pointed to a prior filing by DMX, in 2009, which the bankruptcy court dismissed after finding that the rapper unreasonably delayed the case, hurting his creditors. Its a pattern that continues in his current bankruptcy case, Ms. Davis alleged.
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Is Detroit eligible for bankruptcy? Trial begins
Related: Detroit bankruptcy brings pension fears, strikes Private donors are replacing ambulances that limp around with more than 200,000 miles logged. The fire department has just one mechanic for every 39 fire vehicles. The number of Detroit parks has dropped to about 60 in recent years from more than 300, due to a lack of money. "There's nothing left to do here. There is no revenue solution," city attorney Bruce Bennett said in his opening remarks. He said no one can credibly argue that Detroit is solvent. Witnesses "will present a mountain of evidence showing the insolvency of the city," Bennett said. "This is one of those cases where the data speaks very clearly and persuasively on its own.
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