Comments on:

Report: Detroit to declare bankruptcy soon

Back to the article » By |
Detroit is in final preparations to file for federal bankruptcy, according to a Detroit Free Press story. The paper reports, based on unnamed sources, that the filling could be as early as July 19. The city, which is almost $20 billion in debt, is seeking Chapter Nine protection from its creditors. The filling would be the largest municipal bankruptcy in U.S. history. Detroit still...

To learn more about commenting on and our community guidelines, please see our comments FAQ.