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  2. Detroit bankruptcy - Wikipedia

    en.wikipedia.org/wiki/Detroit_bankruptcy

    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]

  3. Judge’s new book exposes secrets, deals of Detroit’s historic ...

    www.aol.com/judge-book-exposes-secrets-deals...

    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 ...

  4. Chapter 9, Title 11, United States Code - Wikipedia

    en.wikipedia.org/wiki/Chapter_9,_Title_11...

    On July 18, 2013, Detroit, Michigan became the largest city in the history of the United States to file for Chapter 9 bankruptcy protection. Jefferson County, Alabama, in 2011, and Orange County, California, in 1994, are also notable examples.

  5. The architect of Detroit's bankruptcy filing 10 years ago ...

    www.aol.com/news/architect-detroits-bankruptcy...

    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 ...

  6. 10 years since bankruptcy, Detroit's finances are better but ...

    www.aol.com/news/10-years-since-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.

  7. Detroit Demolition Program - Wikipedia

    en.wikipedia.org/wiki/Detroit_Demolition_Program

    By the time Detroit filed for bankruptcy in the summer of 2013, the city had been experiencing urban blight for decades. A multitude of factors, including racial unrest, a struggling automotive industry, and white flight had deprived the city of a tax base, leading to deficits and a failure of the municipal system. [1]

  8. Detroit's Bankruptcy: What Happens to Pensions, Taxes and ...

    www.aol.com/2013/07/20/detroit-bankruptcy...

    By KATE ROGERS Detroit made history Thursday as the largest American city in history to ever file for Chapter 9 bankruptcy protection. The once vibrant city rooted in auto manufacturing and music ...

  9. Financial emergency in Michigan - Wikipedia

    en.wikipedia.org/.../Financial_emergency_in_Michigan

    For the City of Detroit, the state legislature passed a separate law forming a financial review commission to exercise financial check on city government as it exited bankruptcy and emergency management. [11] As of June 27, 2018, there are no Emergency Managers in Michigan for the first time since 2000. [12]

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