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Old 07-18-2013, 12:21 PM
 
7,237 posts, read 12,767,360 times
Reputation: 5669

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Detroit prepares to file for bankruptcy as soon as Friday | Detroit Free Press | freep.com
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Old 07-18-2013, 01:46 PM
 
Location: North of Canada, but not the Arctic
21,248 posts, read 19,859,694 times
Reputation: 25818
Long overdue.
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Old 07-18-2013, 02:02 PM
 
1,648 posts, read 3,282,034 times
Reputation: 1447
[SIZE=3]Smart idea. Here’s to hoping they file tomorrow.[/SIZE]
[SIZE=3] [/SIZE]
[SIZE=3]It really comes down to those loonie Ingham County (Lansing)judges who keep putting stays/holding up crap. Just file for bankruptycy, restructure and be done with it.[/SIZE]
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Old 07-18-2013, 02:16 PM
 
Location: Corona the I.E.
10,137 posts, read 17,521,365 times
Reputation: 9140
Wow so does that mean they get to break pension commitments and such? Bust union contracts as well?
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Old 07-18-2013, 02:36 PM
 
Location: Northern Wisconsin
10,379 posts, read 10,952,548 times
Reputation: 18713
Everyone will lose on this, the city the state, taxpayers, city employees, those on city pensions, the unions, the lenders, and the citizens. Only the pigeons will come out unscathed
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Old 07-18-2013, 02:52 PM
 
1,648 posts, read 3,282,034 times
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The citizens of Detroit will not lose. City pension holders and creditors will lose. They just filed for bankruptcy! Best day in 30 years of Detroit history for getting structural issues fixed and ready to move forward!
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Old 07-18-2013, 02:53 PM
 
Location: Michigan
4,647 posts, read 8,623,039 times
Reputation: 3776
So as of 4 o'clock, news of Detroit's bankruptcy is blowing up all over national media.
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Old 07-18-2013, 03:00 PM
 
1,206 posts, read 1,742,015 times
Reputation: 974
What does this mean for the city of Detroit, i.e. what's next?
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Old 07-18-2013, 03:02 PM
 
568 posts, read 1,132,075 times
Reputation: 654
Yikes!!! Damn... Detroit.
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Old 07-18-2013, 03:05 PM
 
2,210 posts, read 3,506,046 times
Reputation: 2240
Detroit files for Chapter 9 bankruptcy amid staggering debts | Detroit Free Press | freep.com
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