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Detroit Bankruptcy

On July 18, 2013 the city of Detroit filed for Chapter 9 bankruptcy.

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A Quick Tip by KingreX32

  • Jul 26, 2013
  • by
I've heard of companies going Bankrupt but never an entire city. Its kind of hard to believe considering Detroit used to be an important part of Americas auto industry. What happened?
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July 30, 2013
As a Rust Belt resident, I can assure you it HAS happened to other cities. Just never one as big as Detroit before.
 
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Quick Tip by . July 30, 2013
posted in Politics Your Way
How in the world can a city file this? What happens to its debts? Does the government shut down? Are teachers, police, firemen, et. al. working for free?
About the reviewer
Canadian, gamer, Geek and Nerd. Sci-fi all day everyday. Have a look at my site.      http://kingrex32.webs.com/
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Location: Detroit
Date(s): July 18 2013

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