UPDATE 2-Detroit defaults on some debt to avoid bankruptcy filing - ...
06/14/13
![]()
UPDATE 2-Detroit defaults on some debt to avoid bankruptcy filing
Reuters
DETROIT, June 14 (Reuters) - Detroit defaulted on some debt on Friday and proposed that creditors take a drastic cut in the money they are owed by the "insolvent" city in order to avoid the largest municipal bankruptcy filing in U.S. history. In a ...
[more]
Reuters
DETROIT, June 14 (Reuters) - Detroit defaulted on some debt on Friday and proposed that creditors take a drastic cut in the money they are owed by the "insolvent" city in order to avoid the largest municipal bankruptcy filing in U.S. history. In a ...