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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 MichaelN

  • Jul 30, 2013
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?
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Quick Tip by . July 26, 2013
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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Location: Detroit
Date(s): July 18 2013

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