Detroit filed for Chapter 9 bankruptcy protection on July 18.  However, filing isn’t the end of the line, the filing has to then be approved by a judge.  Today a judge ruled that Detroit is eligible for bankruptcy protection, and it can enter Chapter 9.  This will be a very interesting to story to watch, as Detroit is the largest municipality ever to enter bankruptcy protection.

Read more here:




Leave a Reply

Your email address will not be published.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

Comment *