Detroit files for bankruptcy protection

Discussion in 'The Bar' started by gilaet, Jul 18, 2013.

  1. gilaet

    gilaet Zen As Fuck Gold

    Reputations:
    246,216
    Joined:
    Aug 23, 2010
    Messages:
    88,946
    Likes Received:
    22,135
    DETROIT -- The city of Detroit filed for Chapter 9 bankruptcy protection in federal court
    Thursday, laying the groundwork for a historic effort to bail out a city that is sinking under
    billions of dollars in debt and decades of mismanagement, population flight and loss of tax revenue.

    The bankruptcy filing makes Detroit the largest city in U.S. history to do so.

    The filing begins a 30- to 90-day period that will determine whether the city is eligible for
    Chapter 9 protection and define how many claimants might compete for the limited settlement
    resources that Detroit has to offer. The bankruptcy petition would seek protection from creditors
    and unions who are renegotiating $18.5 billion in debt and other liabilities.


    http://www.usatoday.com/story/news/nation/2013/07/18/detroit-prepares-bankruptcy-filing-friday/2552819/
     
  2. MatthewT

    MatthewT Awaiting The Rapture VIP

    Reputations:
    327
    Joined:
    Dec 16, 2011
    Messages:
    63,473
    Likes Received:
    9
    read more, post less :pie:
     
  3. gilaet

    gilaet Zen As Fuck Gold

    Reputations:
    246,216
    Joined:
    Aug 23, 2010
    Messages:
    88,946
    Likes Received:
    22,135
    Click the link to read more.
     
  4. Real

    Real Well-Known Member VIP

    Reputations:
    12,988
    Joined:
    Sep 16, 2010
    Messages:
    2,540
    Likes Received:
    323
    When will AG address this?
     
  5. Stevie

    Stevie Now go...Ohm.

    Reputations:
    54,265
    Joined:
    Sep 3, 2010
    Messages:
    36,707
    Likes Received:
    4,453
    Wow.
     
  6. zhukov

    zhukov Time traveler VIP

    Reputations:
    93,672
    Joined:
    Feb 6, 2011
    Messages:
    30,616
    Likes Received:
    10,413
    gilaet is the new Dawg
     
  7. gilaet

    gilaet Zen As Fuck Gold

    Reputations:
    246,216
    Joined:
    Aug 23, 2010
    Messages:
    88,946
    Likes Received:
    22,135
  8. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

    Reputations:
    761,413
    Joined:
    Jul 6, 2011
    Messages:
    177,493
    Likes Received:
    94,774
  9. tomtom

    tomtom Well-Known Member

    Reputations:
    1,956
    Joined:
    Sep 27, 2010
    Messages:
    19,800
    Likes Received:
    477
    Bro, "corporate greed, republicans blah blah"
     
  10. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

    Reputations:
    761,413
    Joined:
    Jul 6, 2011
    Messages:
    177,493
    Likes Received:
    94,774
  11. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

    Reputations:
    761,413
    Joined:
    Jul 6, 2011
    Messages:
    177,493
    Likes Received:
    94,774
  12. Partyxanimal

    Partyxanimal Well-Known Member

    Reputations:
    11,111
    Joined:
    Aug 25, 2010
    Messages:
    13,979
    Likes Received:
    139
  13. RobinsBedSores

    RobinsBedSores VIP Extreme Gold

    Reputations:
    -6,272
    Joined:
    Nov 19, 2012
    Messages:
    9,944
    Likes Received:
    25
    Detroit is a fun city.
     
  14. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

    Reputations:
    761,413
    Joined:
    Jul 6, 2011
    Messages:
    177,493
    Likes Received:
    94,774
    [​IMG]

    [​IMG]
     
    Last edited: Jul 18, 2013
  15. sstressed

    sstressed enhancement toker VIP

    Reputations:
    135,243
    Joined:
    Dec 13, 2011
    Messages:
    42,067
    Likes Received:
    25,113
    as someone born in windsor, all i can say is thank god for the deeetroit river! :dance: