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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 ...
In 2013, Detroit had some 21,000 retired workers who were owed benefits, with underfunded obligations of about $3.5 billion for pensions and $5.7 billion for retiree health coverage.
On Saturday 19 November 1949 a Douglas C-47A-90DL (DC-3) operated by Meteor Air Transport NC54337 crashed into a house on Detroit’s east side while on a (second attempt) landing approach to Detroit City Airport. Both pilots and one occupant of the house were killed.
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 ...
In 2009, Detroit Metro Airport launched its first social media efforts with participation in Twitter, Facebook, and YouTube networks. Detroit was a major hub for Northwest Airlines from 1986 to 2010; Northwest merged with Delta Air Lines, and Detroit became Delta's second-largest hub.
Detroit auto show begins. Area of city: 41 square miles. 1909 - Ford Building constructed. 1911: Chevrolet opens its first factory in Detroit. This was significant in the birth of Detroit as the center of the American automobile industry, something that became huge in the city's economy and overall identity. 1912 Navin Field (baseball park) opens.
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