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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?
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Ranked #90
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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