Tuesday, March 29, 2016

They set this up..............the entire system was set up for failure......


    Image result for bankruptcy of detroit
    The city of Detroit, Michigan, filed for Chapter 9bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011.

    Detroit bankruptcy - Wikipedia, the free encyclopedia

    https://en.wikipedia.org/wiki/Detroit_bankruptcy
    Wikipedia

Detroit bankruptcy - Wikipedia, the free encyclopedia

https://en.wikipedia.org/wiki/Detroit_bankruptcy
Wikipedia
The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011.
Background  –  ‎Bankruptcy filing  –  ‎Reaction  –  ‎Legal developments

Detroit Rising: Life after bankruptcy - Detroit Free Press

www.freep.com/.../detroit.../detroit...bankruptcy/75085...
Detroit Free Press
Nov 8, 2015 - Orr, a seasoned corporate bankruptcy lawyer, became the city's viceroy in March 2013, ushering Detroit into a rare Chapter 9 bankruptcy and commanding the city through months of tense negotiations to clean up the balance sheet before leaving office late last year at the bankruptcy's conclusion.

City of Detroit Bankruptcy - Eastern District of Michigan ...

www.mieb.uscourts.gov/apps/detroit/DetroitBK.cfm
Welcome to the official website containing information for the City of Detroit BankruptcyFiling for the United States Bankruptcy Court for the Eastern District of ...

One year after bankruptcy, Detroit's pension debts still loom

www.detroitnews.com/.../detroit.../detroit...bankruptcy/...
The Detroit News
Dec 10, 2015 - The city won't be back on a sound financial footing without attracting more businesses and residents to increase revenue.

Detroit in Bankruptcy | Crain's Detroit Business

www.crainsdetroit.com/topic/1400
As Detroit considers ramping up one possible legal strategy to recover money from its costly Chapter 9 bankruptcy, another one from last fall has started to gain ...

How to File for Bankruptcy in Detroit, Michigan 48201 ...

www.legalconsumer.com › All Topics By Region
How to File for Bankruptcy in Detroit Michigan 48201, Wayne County. By the author of How to File For Chapter 7 Banrkupcty It requires no registration or ...

Detroit Is Out of Bankruptcy, but Not Out of the Woods - The ...

www.nytimes.com/.../detroit-bankruptcy-ending.ht...
The New York Times
Dec 10, 2014 - Mayor Mike Duggan of Detroit said on Wednesday that it was time to put discussion of bankruptcy “behind us” and to focus on “making the city ...

Detroit, Michigan Bankruptcy Lawyer | Chapter 7, 13 | Walter ...

www.detroitbankruptcylawyer.com/
Detroit bankruptcy lawyer Walter Metzen has helped over 14000 people regain control over their financial lives and obtain a fresh financial start. Ch 7 & 8.

Detroit becomes largest U.S. city to enter bankruptcy

www.usatoday.com/story/.../detroit-bankruptcy.../3849833/
USA Today
Dec 3, 2013 - DETROIT — The city of Detroit officially became the largest municipality in U.S. history Tuesday to enter Chapter 9 bankruptcy after a judge ...

The Detroit Bankruptcy | Demos

www.demos.org/publication/detroit-bankruptcy
The City of Detroit's bankruptcy was driven by a severe decline in revenues (and, importantly, not an increase in obligations to fund pensions).

Let Detroit Go Bankrupt - The New York Times

www.nytimes.com/2008/11/19/opinion/19romney.html
A managed bankruptcy may be the only path to the fundamental ... Without that bailout, Detroit will need to drastically restructure itself. With it ...

Why Chicago Won't Go Bankrupt—And Detroit Didn't Have To

inthesetimes.com/article/18096/a_scam_in_two_cities
Detroit's bankruptcy was not borne out of financial necessity and was not a foregone conclusion. It was a political decision made by state ...

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