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February 21, 2013

Detroit weighs options: restructure or Chap. 9

  • Detroit, with a population of about 700,000, would be the largest city to file for Chapter 9 bankruptcy if that path is taken.
    • By COREY WILLIAMS
    Associated Press

    DETROIT — In less than a month, Michigan Gov. Rick Snyder will decide whether the state will take over Detroit's broken finances and send in someone to oversee the city's fiscal recovery.

    Regardless of Snyder's decision, the question may not be who can save Detroit, but how can Detroit be saved.


     
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