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Detroit Filing for Bankruptcy

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