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By the time Detroit declared bankruptcy at 4:06 p.m. on July 18, 2013, Detroit had accumulated $18 billion in debt and city retirees' pension funds were underfunded by $3.5 billion. The number of ...
Details from the Detroit bankruptcy filing. The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. [1]
This is a list of schools closed by the Detroit Public Schools Community District. There have been about 200 school closures since 2000. There have been about 200 school closures since 2000. Some have been repurposed, while others were torn down, most remain vacant though, although the exact number is unclear.
Dan Rather Reports: "A National Disgrace" (Episode #617) [1] is a two-hour television report about the Detroit Public Schools (DPS), in Detroit, Michigan, that aired on HDNet (today AXS TV) on May 10, 2011. Presented by journalist Dan Rather, this episode was part of his investigative documentary series. [2]
Detroit's emergency manager Kevyn Orr will soon That was the determination of Judge Steven Rhodes earlier this week. The city can now proceed with its Chapter 9 bankruptcy.
The architect of the bankruptcy filing was Kevyn Orr, a lawyer hired by then-Gov. Rick Snyder in 2013 to fix Detroit's budget deficit and its underfunded pensions, healthcare costs and bond payments.
DETROIT (AP) - A judge was expected to announce Tuesday whether Detroit can come up with a plan to get rid of $18 billion in debt in the largest public bankruptcy in U.S. history, a case that ...
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