Chapter 9 Municipal Bankruptcy
The city has little or no way to pay these debts back to bondholders,
pension funds, and UNIONS.
The SECURED CREDITORS will be paid back completely while pensions and unsecured bondholders are fleeced.
Also there are concerns of an innovative solution to saving the art collections and starting a--guess what?--NON-PROFIT ORGANIZATION. :-)
...developing...
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Posted by: Tukiyooo
Detroit's $18 BILLION BANKRUPTCY PLAN Updated at :
8:07 AM
Sunday, February 23, 2014
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