Detroit Might Be Facing Bankruptcy - NewsMax.com

12/28/11


AutoSpies.com

Detroit Might Be Facing Bankruptcy
NewsMax.com
According to the Michigan Department of Treasury's preliminary report on Detroit's finances, the city has long-term liabilities of $12 billion and could also lose hundreds of millions if its credit rating is downgraded because of a bankruptcy filing.
Detroit Lawmakers Could Opt For BankruptcyThe Root

all 3 news articles »

[more]