Detroit Files for Chapter 9 Bankruptcy Protection
Detroit filed for Chapter 9 bankruptcy protection approximately 30 minutes ago. The filing is here, courtesy of Business Insider. “Right now, the City cannot meet its basic obligations to its citizens,” Gov. Rick Snyder, who signed off on the filing, said in the petition. “Right now, the City cannot meet its obligations to creditors.” Much …
Detroit Files for Chapter 9 Bankruptcy ProtectionRead More »