Expert says Bond Markets Leery After Detroit Bankruptcy

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Image credit: Dawn Uhl-Zifilippo/WDET

An expert says Detroit’s bankruptcy has made some bond lenders leery of loaning funds to municipalities.

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Detroit’s bankruptcy casts a long shadow over the Metro region. But what has it meant to the rest of the nation?

One expert who’s analyzed the case says Detroit’s bankruptcy was so unique that did not set any legal precedents.

But Law Professor Melissa Jacoby, a bankruptcy expert with the University of North Carolina, tells WDET’s Quinn Klinefelter Detroit’s journey through Chapter 9 protection did change views on how active a judge can be in such cases.

Quinn Klinefelter, Senior News Editor

Quinn Klinefelter is a Senior News Editor at 101.9 WDET. In 1996, he was literally on top of the news when he interviewed then-Senator Bob Dole about his presidential campaign and stepped on his feet.

Detroit Bankruptcy: One Year Later Series

This post is a part of Detroit Bankruptcy: One Year Later Series .

For a month, the Detroit Journalism Cooperative journalists will explore the impact of the city’s bankruptcy case, including its impact on people and neighborhoods and its long-term implications.

Audiences are invited to a free, community event where they can hear directly from key figures in the case and ask questions. The 6 to 8 p.m. program on Wednesday, Dec. 9 will be at Wayne State University’s Community Arts Auditorium. Learn more.

Presented by WDET in partnership with the Detroit Journalism Cooperative.

Support for this project comes from the John S. and James L. Knight Foundation, Renaissance Journalism’s Michigan Reporting Initiative and the Ford Foundation.



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