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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]
Jul 22, 2023 · Ten years ago, Detroit was drowning in $18 billion in debt and it made history when it became the largest municipality in the country to file for bankruptcy. The Motor City has made significant...
- Quinn Klinefelter
Jul 16, 2023 · Ten years after becoming the largest American city to file for bankruptcy, Detroit is stepping up code enforcement and sprucing up parks. The new moment carries risks, too.
Jul 17, 2023 · Detroit exited bankruptcy in December 2014 with about $7 billion in debt restructured or wiped out and $1.7 billion set aside to improve city services. Businesses, foundations and the state donated more than $800 million to soften the pension cuts and preclude the sale of city-owned art.
Jul 18, 2023 · Ten years ago today, in 2013, Detroit filed for bankruptcy protection. It was the largest U.S. city ever to do that. Quinn Klinefelter from our member station WDET asked how the city is doing...
- Quinn Klinefelter
Jul 17, 2018 · CNN — Five years ago, Detroit was America’s poster city for urban decay. The city had $18 billion of debt and fewer than half the number of residents it had in the 1980s. Abandoned homes dotted...
Dec 15, 2014 · Detroit's $18 billion bankruptcy will be the biggest municipal bankruptcy in US history. It's more than four times larger than the next-biggest: Jefferson County, Alabama's $4.2-billion...
