10 years ago
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Detroit emergency manager files bankruptcy
DETROIT (AP) — Detroit on Thursday became the largest city in U.S. history to file for bankruptcy, as the state-appointed emergency manager filed for Chapter 9 protection. Kevyn Orr, a bankruptcy expert, was hired by the state in March to lead Detroit out of a fiscal free-fall and made the filing Thursday in federal bankruptcy court.A number of factors — most notably steep population and tax base falls..
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Additional Contributions:
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+5Submitted 10 years ago by drunkenninja
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+4Submitted 10 years ago by Robinson91
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+2Submitted 10 years ago by geoleo
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+2Submitted 10 years ago by cone
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+2Submitted 10 years ago by drunkenninja
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Wasn't aware entire cities can go bankrupt...?
I drove through Detroit (city and some of the suburbs around) it like 8 years ago, and holy crap is is ever a filthy dump. The politicians and the people that live there should be ashamed.
Was it something like this? http://exiledonline....-most-deserted-city/
Yep but this is only 4 pics. There's a lot of places like these.