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News Stories (2 Results) - Municipal Bankruptcy

Thomson Reuters reports Detroit, which made the largest Chapter 9 municipal bankruptcy filing in U.S. history, on filed a request for proposals for $350 million in unprecedented financing, the city emergency manager's office said. Detroit is the... Read Story
September 03, 2013, 07:11 AM


Reuters reported Detroit filed the largest municipal bankruptcy in U.S. history on Thursday, setting the stage for a costly court battle with creditors.According to the Reuters report, the bankruptcy, if approved by a federal judge, would force... Read Story
July 19, 2013, 07:46 AM