Detroit's Bankruptcy: What You Need to Know - Wall Street Journ...

07/26/13


Wall Street Journal (blog)

Detroit's Bankruptcy: What You Need to Know
Wall Street Journal (blog)
A: These are both bankruptcy protection filings but Chapter 9 is strictly a vehicle for municipalities, like Detroit, whereas Chapter 11 is used for corporations, such as General Motors. Unlike Chapter 11 restructurings, a city or county has to prove ...
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