Detroit defaults on some debt to avoid bankruptcy filing - Thomson R...
06/14/13
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Detroit defaults on some debt to avoid bankruptcy filing
Thomson Reuters News & Insight
DETROIT (Reuters) - 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 ...
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Thomson Reuters News & Insight
DETROIT (Reuters) - 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 ...