MOSCOW, November 8 (RAPSI) - The trial to determine whether the City of Detroit’s bankruptcy should be tossed out is set to end Friday after closing arguments take place, Bloomberg reported.

According to the report, US Bankruptcy Judge Steven Rhodes could issue a ruling immediately following closing arguments, or he could take his time and later release a written ruling.

Reuters reported last week that the case centers on whether Detroit negotiated in good faith before seeking protection from its creditors.

A memorandum submitted by law firm Jones Day in July states: “The City’s enormous debts and other legacy liabilities present a substantial barrier to addressing [its] problems. The City owes various constituencies more than $18 billion: approximately (a) $5.85 billion in special revenue obligations; (b) $6.4 billion in other post-employment benefit… liabilities; (c) $3.5 billion in underfunded pension liabilities based on current actuarial estimates; (d) $1.13 billion in secured and unsecured general obligation… liabilities; (e) $1.43 billion in liabilities under pension-related certificates of participation ("COPs"); (f) $296.5 million in swap liabilities related to the COPs; and (g) $300 million in other liabilities. Debt service on the obligations other than those secured by special revenues consumed a staggering 42.5% of the City's revenues in the 2013 fiscal year. That percentage is projected to increase to almost 65% of revenues by 2017.”

Opponents claim that the city attempted to circumvent restrictions on cutting pensions, according to Reuters.

If the bankruptcy were to be thrown out, the city could face lawsuits and other actions, Bloomberg reported.