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Detroit Bankruptcy News

Op-Ed: Detroit's controversial water shutoff reeks of 'too big to fail'

Detroit's deep financial woes have been public for years. Many of its residents are behind on their water bills, and the city has been controversially shutting off water to some delinquent residents. But are delinquent businesses getting a free ride?

Detroit reaches out to the UN as water runs dry

Detroit - The city of Detroit is shutting off water to over half its residents because of the shortfall in bill payments. This has prompted many to consult the U.N. for human rights violations.

Judge approves historic Detroit bankruptcy case

Detroit - In the greatest blow to local government unions in American history, a federal judge ruled Tuesday that the city of Detroit can use bankruptcy to cut city employee pensions in order to lift their crushing financial weight from city finances.

Op-Ed: Detroit largest city in US history to declare bankruptcy

Detroit - After several decades of decline and mismanagement the city of Detroit has finally filed for bankruptcy. The governor of Michigan Rick Snyder said today (July 18) that there was no longer any other option to deal with the city's $18.5 billion debt.

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