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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]
“Our whole country will end up being like Detroit if she’s your president,” Trump said of Harris at the time. “You’re going to have a mess on your hands.”
Over $4 billion in debt (largest Chapter 9 bankruptcy until 2013 Detroit bankruptcy filing,) [36] from sewer revenue bonds tainted by an interest rate swap bribery scandal with JPMorgan and county commissioner Larry Langford, and bond insurance credit rating collapse in the late-2000s subprime mortgage crisis, followed by the occupation tax ...
Phhhoto, Inc. v. Facebook, Inc. On November 4, 2021, Facebook was sued by defunct app Phhhoto for allegedly copying their features and then hiding their name from search results, forcing them to go bankrupt. This came after Meta expressed interest in working with them. [96] [97] November 15, 2021: The State of Ohio v. Facebook, Inc.
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 ...
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Kwame Malik Kilpatrick (born June 8, 1970) is an American former politician and convicted felon who served as the 72nd mayor of Detroit from 2002 to 2008. A member of the Democratic Party, he previously represented the 9th district in the Michigan House of Representatives from 1997 to 2002.
“America is going bankrupt btw,” Musk wrote in a recent post on the social media platform X. He was responding to a post by Billy Markus, the creator of Dogecoin. He was responding to a post ...