After months of speculation, and decades of mismanagement and population decline, Detroit has filed for bankruptcy. The milestone is the culmination of a turbulent half-century for the city. But some see it as a chance for a new start.
Jul 18, 2013 By
In a presentation to creditors delivered yesterday, Detroit emergency manager Kevyn Orr outlined a last-ditch effort to save the city from bankruptcy. Many creditors would have to agree to receive less than 10 cents on the dollar.
Jun 15, 2013 Detroit Free Press