Monday, June 10, 2013

Detroit wades into uncharted territory with possibility of bankruptcy

Detroit wades into uncharted territory with possibility of bankruptcy | Detroit Free Press | freep.com:
"As Detroit emergency manager Kevyn Orr meets with creditors of the deeply indebted city this week, bankruptcy lawyers, credit analysts, lenders and government officials around the country are keeping a close eye on whether he can prevent a municipal bankruptcy and, if not, what legal precedents might be set for other cities in crisis."

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