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Is Detroit bankruptcy a help or hindrance?

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After filing for the largest municipal bankruptcy in U.S. history, Detroit Emergency Manager Kevyn Orr said he viewed the move as a "tool" for turning around the Motor City after decades of decline. It is possible that Chapter 9 bankruptcy will allow Detroit to restructure its $18 billion-plus debt and focus on providing basic services. Orr said in a report he wrote after he was hired that his...

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