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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...
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...
Jul 19, 2013 · DETROIT — Detroit, the cradle of America’s automobile industry and once the nation’s fourth-most-populous city, filed for bankruptcy on Thursday, the largest American city ever to take such a...
Dec 10, 2014 · Detroit is emerging from the largest municipal bankruptcy in American history. Yet it still faces a test of finding a sustainable course for a struggling city.
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...
Nov 8, 2014 · Nearly 16 months after Detroit filed the largest municipal bankruptcy in the country’s history, a federal judge approved a plan to drop the city’s $7 billion in debt and invest over $1 billion...
Jul 18, 2023 · Detroit hit rock bottom 10 years ago today as the largest city to file bankruptcy in U.S. history. Why it matters: The culmination of a yearslong financial crisis forced Detroit to confront decades of decline that left it fundamentally dysfunctional, awash in debt and unable to provide basic services.
