Detroit files for bankruptcy protection

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

  1. gilaet

    gilaet Grandiosa Kjøttboller Gold

    Reputations:
    257,518
    Joined:
    Aug 23, 2010
    Messages:
    91,117
    Likes Received:
    24,891
    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 Grandiosa Kjøttboller Gold

    Reputations:
    257,518
    Joined:
    Aug 23, 2010
    Messages:
    91,117
    Likes Received:
    24,891
    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:
    54,280
    Joined:
    Sep 3, 2010
    Messages:
    36,945
    Likes Received:
    4,558
    Wow.
     
  6. zhukov

    zhukov Time traveler VIP

    Reputations:
    101,236
    Joined:
    Feb 6, 2011
    Messages:
    31,216
    Likes Received:
    11,426
    gilaet is the new Dawg
     
  7. gilaet

    gilaet Grandiosa Kjøttboller Gold

    Reputations:
    257,518
    Joined:
    Aug 23, 2010
    Messages:
    91,117
    Likes Received:
    24,891
  8. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

    Reputations:
    788,788
    Joined:
    Jul 6, 2011
    Messages:
    180,383
    Likes Received:
    100,338
  9. tomtom

    tomtom Well-Known Member

    Reputations:
    2,906
    Joined:
    Sep 27, 2010
    Messages:
    19,976
    Likes Received:
    801
    Bro, "corporate greed, republicans blah blah"
     
  10. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

    Reputations:
    788,788
    Joined:
    Jul 6, 2011
    Messages:
    180,383
    Likes Received:
    100,338
  11. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

    Reputations:
    788,788
    Joined:
    Jul 6, 2011
    Messages:
    180,383
    Likes Received:
    100,338
  12. Partyxanimal

    Partyxanimal Well-Known Member

    Reputations:
    11,114
    Joined:
    Aug 25, 2010
    Messages:
    13,979
    Likes Received:
    140
  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:
    788,788
    Joined:
    Jul 6, 2011
    Messages:
    180,383
    Likes Received:
    100,338
    [​IMG]

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

    sstressed enhancement toker VIP

    Reputations:
    157,114
    Joined:
    Dec 13, 2011
    Messages:
    43,057
    Likes Received:
    27,259
    as someone born in windsor, all i can say is thank god for the deeetroit river! :dance: