Detroit bankruptcy

Just four months after emerging from bankruptcy, Detroit is going to court to collect a combined $834,000 in unpaid electricity bills from a variety of…

The city of Detroit has filed for Chapter 9 bankruptcy. Sources say Detroit could go into bankruptcy as early as Friday. Governor Rick Snyder approved Detroit Emergency Manager Kevyn Orr request on Tuesday July 16. More from WXYZ, Detroit’s deficit is $18 billion dollars, $11 billion is unsecured including the pensions and retiree health care for 30,000 Detroit City […]