David Alexander Bullock Responds to Detroit Filing Largest Bankruptcy in U.S. History

    Comments:  | Leave A Comment

    bullock3_0.jpg

     

    Today Detroit became the largest city in U.S. history to file for Chapter 9 bankruptcy protection. Today’s filing begins a 30 to 90-day period that will determine if Detroit is in fact eligible for Chapter 9. Michigan is one of several states that requires approval from the governor in order to file for bankruptcy. Over the last month emergency manager Kevyn Orr has attempted to convince creditors to take pennies on the dollar, but negotiaions have so far been unsuccessful.

    1 2Next page »

    Tags: » » » » » » »

    Comments

    blog comments powered by Disqus
    Follow

    Get every new post delivered to your Inbox.

    Join 212 other followers