Throughout much of 2013 and 2014 my hometown of detroit was a mainstay in the news as it fact the prospect of the nation's largest municipal bankruptcy today, we're 17 months removed from the. Detroit's bankruptcy became a reset for the motor city, triggering a rally cry to help rebuild and revitalize its entrepreneurial spirit and turn it into an emerging startup hub.
Nonetheless, detroit resurrected makes a point to draw out the characters — the real people, that is — who shaped the city’s future throughout the bankruptcy. Detroit’s bankruptcy filing followed a declaration of financial emergency in march 2013 that resulted in kevyn orr being appointed as emergency manager of the city by michigan governor rick snyder orr’s subsequent negotiations sought to get creditors to willingly “take a haircut” on detroit’s debt, and were ultimately unsuccessful.
Detroit — the city of detroit officially became the largest municipality in us history tuesday to enter chapter 9 bankruptcy after a judge declared it met the specific legal criteria required to receive protection from its creditors. Detroit still has the largest municipal bankruptcy in us history in 2013, the city was deep in debt – $18 billion, $11 billion unsecured.
Five years after detroit's bankruptcy filing, retiree barbara yokom feels the financial hit each time she pays about $940 a month for health coverage it's a bill that yokom, 64, receives now only.
Detroit rising: life after bankruptcy one year after approval of the city's bankruptcy exit plan, detroit's financial future still hangs in the balance.
Detroit becomes largest us city to enter bankruptcy detroit — us bankruptcy judge steven rhodes is set to rule tuesday on whether the city of detroit is eligible for bankruptcy.
Throughout much of 2013 and 2014 my hometown of detroit was a mainstay in the news as it fact the prospect of the nation's largest municipal bankruptcy today, we're 17 months removed from the bankruptcy court approval of the motor city's plan of adjustment.
Five years ago this week detroit filed the largest municipal bankruptcy in american history many thought it was the city's death knell but it appears it accelerated - and solidified - the city's. Five years ago this week, news reports blared about detroit's descent into bankruptcy as the city filed at that time, many viewed it as perhaps the final nail in the city's coffin, the last step. The bankruptcy of detroit in year 2013, detroit filed for chapter 9, title 11 of the united state code, which is a chapter of the united states bankruptcy code the code is available exclusively to municipalities that. The michigan humane society and the detroit police department raided a home on detroit's east side and rescued 19 dogs on tuesday detroit still has the largest municipal bankruptcy in us history.