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Posts Tagged ‘Chapter 13’

04 Dec

Detroit has declared bankruptcy!

Detroit has hard financial times ahead. So hard, that Detroit has finally
applied for ordered bankruptcy according to Chapter 13 of the United
States bankruptcy code. This means, the city is undergoing an ordered
reorganization of the finances in order to get up to shape again.

Continue Reading

December 4, 2013Netspark No Comments »
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FILED UNDER :Curiosities , Economy&Finance , News , Thoughts
TAGGED WITH :bankruptcy , Chapter 13 , Detroit , industry , Motor City , subprime crisis , USA