Detroit files for bankruptcy

Robert Snell
Daniel Howes
Chad Livengood
David Shepardson

Detroit—The city of Detroit filed the largest municipal bankruptcy case in U.S. history Thursday afternoon, culminating a decades-long slide that transformed the nation’s iconic industrial town into a model of urban decline crippled by population loss, a dwindling tax base and financial problems.

The 16-page petition was filed in U.S. Bankruptcy Court in Detroit.

Read entire article HERE


Leave a Reply

Your email address will not be published. Required fields are marked *