City of Detroit allowed to go bankrupt

The city of Detroit is being allowed to shed billions in debt in the largest public bankruptcy in US history.

City of Detroit allowed to go bankrupt

The city of Detroit is being allowed to shed billions in debt in the largest public bankruptcy in US history.

A court turned down objections from unions, pension funds and pensioners, all of whom could lose under any plan to solve $18bn in long-term liabilities.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited