DETROIT (WHTC) -- The Motor City is dead broke. Karen Dumas a former communications director for the city who says the bankruptcy filing has been a long time coming. She says with the appointment of emergency manager Kevyn Orr, who is also a bankruptcy attorney she thought that bankruptcy was inevitable. Detroit became the largest U.S. city to file for federal bankruptcy protection. The filing will give the city a 30 to 90 day period to determine if it qualifies for Chapter 9 protection to fend off creditors and restructure its finances. A recent report from Detroit's emergency manager points out that over the past 60 years, the population of Detroit has fallen by more than one-million.
Stroy by: Diane E Coston