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Detroit files for Chapter 9 municipal bankruptcy
Detroit becomes largest city in U.S. history to file for bankruptcy
Author: Dave Bartkowiak Jr. , Online News Editor, dbartkowiak@wdiv.com
Published On: Jul 18 2013 04:02:14 PM EDT Updated On: Jul 18 2013 04:14:41 PM EDT
http://www.clickondetroit.com/
July 18, 2013 at 4:14 pm
Detroit files for Chapter 9 bankruptcy
Robert Snell, Daniel Howes, Chad Livengood and David Shepardson
Detroit—The city of Detroit filed the largest municipal bankruptcy case in U.S. history Thursday afternoon, culminating a decades-long slide that transformed the nation’s iconic industrial town into a model of urban decline crippled by population loss, a dwindling tax base and financial problems.
The 16-page petition was filed in U.S. Bankruptcy Court in Detroit.
Gov. Rick Snyder’s office was making plans this afternoon to hold a Friday morning news conference at the Maccabees Building, 5057 Woodward in Midtown, according to a source. It’s the same location where the governor declared a financial emergency for Detroit on March 1...
From The Detroit News: http://www.detroitnews.com/article/20130718/METRO01/307180103#ixzz2ZQkrTU6q
Detroit becomes largest city in U.S. history to file for bankruptcy
Author: Dave Bartkowiak Jr. , Online News Editor, dbartkowiak@wdiv.com
Published On: Jul 18 2013 04:02:14 PM EDT Updated On: Jul 18 2013 04:14:41 PM EDT
http://www.clickondetroit.com/
July 18, 2013 at 4:14 pm
Detroit files for Chapter 9 bankruptcy
Robert Snell, Daniel Howes, Chad Livengood and David Shepardson
Detroit—The city of Detroit filed the largest municipal bankruptcy case in U.S. history Thursday afternoon, culminating a decades-long slide that transformed the nation’s iconic industrial town into a model of urban decline crippled by population loss, a dwindling tax base and financial problems.
The 16-page petition was filed in U.S. Bankruptcy Court in Detroit.
Gov. Rick Snyder’s office was making plans this afternoon to hold a Friday morning news conference at the Maccabees Building, 5057 Woodward in Midtown, according to a source. It’s the same location where the governor declared a financial emergency for Detroit on March 1...
From The Detroit News: http://www.detroitnews.com/article/20130718/METRO01/307180103#ixzz2ZQkrTU6q