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Rex

(65,616 posts)

2. How does a city file for bankruptcy?

Reply to The Straight Story (Original post)

Thu Jul 18, 2013, 02:46 PM

Jul 2013

So Detroit is Detroit Inc? I mean, bad enough we have public buildings named after corporations now, but a whole city owned by management?

So when they say protection from unions, do they mean pensions that are owed would be null and void?

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Detroit bankruptcy filing may come as soon as Friday [View all] The Straight Story Jul 2013 OP

I have a question... AsahinaKimi Jul 2013 #1

I'm more worried about the priceless works of art in the DIA. last1standing Jul 2013 #4

Yes I can not imagine .. this has never happened before .. AsahinaKimi Jul 2013 #5

I live here and I don't know how Detroit recovers. last1standing Jul 2013 #7

Won't happen - almost happened over 30 years ago to New York City. ConcernedCanuk Jul 2013 #9

It's happened. last1standing Jul 2013 #11

Actually no it hasn't - they've just filed for it ConcernedCanuk Jul 2013 #12

It looks as though everything will go private. ananda Jul 2013 #6

Detroit: An Ayn Rand Wetdream. last1standing Jul 2013 #8

How does a city file for bankruptcy? Rex Jul 2013 #2

Stockton California is working their way through bankruptcy OnlinePoker Jul 2013 #13

But the emergency dictat..er..manager was supposed to save Detroit Cal Carpenter Jul 2013 #3

Robber Baron is a better term. Rex Jul 2013 #10