Tuesday, December 3, 2013

Detroit to be allowed to go Bankrupt?

Detroit to Stay Under Bankruptcy Protection, Judge Says

San Francisco Chronicle - ‎8 minutes ago‎
(Updates with Orr's comment in 16th paragraph.) Dec. 3 (Bloomberg) -- Detroit can remain under bankruptcy court protection, where it's shielded from lawsuits or other actions that might interfere with its attempts to reduce debt and cut employee benefits.
Detroit is eligible for municipal bankruptcy protection - federal judge
Reaction to ruling in Detroit's bankruptcy case

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