News

Detroit Files For Bankruptcy

July 19, 2013

Detroit has filed for bankruptcy. It was once one of the country's biggest cities and the wealthy hub of the auto industry. But after decades of population loss, tax revenues have dried up and public services are in decay. Now Detroit has become the biggest American city ever to seek Chapter 9 protection from creditors and unions owed some $18.5 billion in debt and liabilities. As WDET's Quinn Klinefelter reports...today's filing poses an uncertain future for Detroit's citizens and creditors.