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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. 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. 19 Shocking Facts About Detroit's Bankruptcy - AOL

    www.aol.com/2013/11/30/19-shocking-facts-about...

    At the end of the day, the Detroiter may be the most important American there is because no one knows better than he that we're all standing at the edge of the shaft. - from Detroit: An American ...

  5. '100 Abandoned Houses': Sad Signs of Detroit's Growing ... - AOL

    www.aol.com/news/2013-03-05-100-abandoned-houses...

    Detroit is edging dangerously close to bankruptcy, and the most obvious sign of its dramatic financial downfall lies in the ramshackle, abandoned homes that dot its neighborhoods. Michigan Gov ...

  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'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 ...

  8. Detroit Water and Sewerage Department - Wikipedia

    en.wikipedia.org/wiki/Detroit_Water_and_Sewerage...

    As of January 1, 2016, under the terms of the City of Detroit's municipal bankruptcy the Great Lakes Water Authority (GLWA) was created with a $50 million annual lease agreement to the City of Detroit for 40 years, while the DWSD bifurcated to focus its services specifically on the water and sewer customers within only the city of Detroit. [2]

  9. 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 ...

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