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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]
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 ...
Detroit eliminated $7.2 billion in debt in bankruptcy court, John Naglick, the city’s chief deputy CFO, said at the discussion, which was organized by DBusiness magazine and presented by the ...
Members of the Michigan House of Representatives are commonly referred to as representatives. Because this mirrors the terminology used to describe members of Congress, constituents and news media, abiding by the Associated Press guidelines for journalists, often refer to members as state representatives to avoid confusion with their federal counterparts.
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 ...
Representative Party Dates Residence Notes Edward K. Michalski: Democratic: 1965–1966 Detroit [4] Michael Novak: Democratic: 1967–1972 Detroit [5] William R. Bryant Jr. Republican: 1973–1992 Grosse Pointe Farms [6] Burton Leland: Democratic: 1993–1998 Detroit [7] Triette Reeves: Democratic: 1999–2002 Detroit [8] Barbara A. Farrah ...
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 ...
15th Michigan Legislature [Wikidata] January 7, 1850 April 2, 1850 November 1849 16th Michigan Legislature [Wikidata] February 5, 1851 June 28, 1851 November 5, 1850 Michigan State Constitution of 1850 [1] 17th Michigan Legislature [Wikidata] January 5, 1853 February 14, 1853 November 2, 1852 18th Michigan Legislature [Wikidata] January 3, 1855