Motor City Meltdown: Long Road Ahead for Detroit's Record Bankr...

07/19/13

Motor City Meltdown: Long Road Ahead for Detroit's Record Bankruptcy
TIME
The majority of bankruptcies in the U.S. fall under Chapter 11 reorganization or Chapter 7 liquidation, which apply to individuals and businesses. Chapter 9 bankruptcies, like the one Detroit filed for, allow for the reorganization of municipalities ...