Chapter 9
On bookshelves today, Detroit Resurrected: To Bankruptcy and Back provides inside baseball details of how the city of Detroit managed to recover from the largest municipal bankruptcy in U.S. history.
Next City
U.S. Bankruptcy Judge Steven Rhodes ruled today that the city of Detroit is eligible for bankruptcy protection, allowing the city to proceed with the largest municipal bankruptcy in U.S. history. Public employee unions are expected to appeal.
Detroit Free Press
Yesterday, Detroit became the largest municipality in U.S. history to declare bankruptcy. Such an action is unprecedented, so the path forward is murky. Yet one word seems to signify what lies ahead over the next year: battles.
Detroit Free Press
Nate Berg takes a look at the seven biggest cities to have filed for bankruptcy in the last two decades, the largest of which officially broke the bank as of yesterday.
The Atlantic Cities
The economic recession is pushing many municipalities towards declaring bankruptcy.
The Wall Street Journal
<p>The northern California city of Vallejo has declared bankruptcy, becoming one of few cities and the largest in the state to do so. Other struggling cities are watching closely to see if the strategy helps to save the city.</p>
The San Francisco Chronicle
