Detroit Bankruptcy Ruling Coming

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    According to reports from WSJ, Detroiters will find out on Tuesday, Dec.3rd if Detroit is eligible for bankruptcy:

    If Judge Rhodes decides the city is eligible for bankruptcy protection, Detroit officials are expected to present a plan by mid-December for cutting Detroit’s debt and reinvesting in depleted municipal services.

    Detroit filed the largest municipal bankruptcy case in U.S. history in July, citing roughly $18 billion in debt. The bankruptcy filing was made by Detroit Emergency Manager Kevyn Orr

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