Detroit Defaults on Some Debt to Avoid Bankruptcy Filing - Moneynews
06/14/13
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Detroit Defaults on Some Debt to Avoid Bankruptcy Filing
Moneynews
Detroit defaulted on some debt on Friday and proposed most creditors receive just pennies on the dollar owed by the "insolvent" city in order to avoid the largest municipal bankruptcy filing in U.S. history. In a forceful opening salvo of negotiations ...
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Moneynews
Detroit defaulted on some debt on Friday and proposed most creditors receive just pennies on the dollar owed by the "insolvent" city in order to avoid the largest municipal bankruptcy filing in U.S. history. In a forceful opening salvo of negotiations ...