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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]
On July 18, 2013, the restructuring expert did just that, making Detroit the largest city in the U.S. to file for bankruptcy. “Bankruptcy is a miserable process," Orr, 65, told The Associated ...
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 ...
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.
Date Bankruptcy filed National Florida Airlines [3] December 1, 1983 Excellair July 7, 1984 Oceanaire Lines February 10, 1984 Connectaire October 10, 1984 Princeton Air Link: August 11, 1988 Air Kentucky: July 19, 1989 Eastern Air Lines: January 18, 1991 Northcoast Executive: January 29, 1991 Midway Airlines (1976-1991) November 27, 1991 L ...
Hardcore Pawn is an American reality television series produced by RDF USA (later Zodiak Media) and Richard Dominick Productions for truTV about the day-to-day operations of American Jewelry and Loan, a family-owned and -operated pawn shop and broker on Detroit’s 8 Mile Road corridor.
When Detroit became the largest municipality to go bankrupt in 2013, it had fallen hard from its glory days of the early to mid 20th century, when Henry Ford’s arrival and creation of the first ...
More critically, however, the station refused to cede any time before 8:00 p.m. and aired reruns in that time slot, severely crippling it as a sports broadcaster; WXON noted that it had already committed to air and sold advertising around reruns of the series Baretta in the 7 p.m. hour, and after February 1982, it refused to lease the 7:30 p.m ...