Detroit Eligible for Bankruptcy Protection--Federal Judge
U.S. Bankruptcy Judge Steven Rhodes determined that the city meets the criteria for bankruptcy, ruling that Detroit is financially insolvent and that the filing was properly authorized.
Detroit Bankruptcy to Be Solved between City, Creditors: White House
The crisis of Detroit's bankruptcy should be solved between the city and its creditors, without the involvement of the federal government, the White House said on Tuesday.
Bankrupt Detroit Gets 300 Mln Dollars in Aid
Senior White House officials on Friday arrived in the U.S. city of Detroit with 300 million dollars in federal and private aid to help deal with the largest municipal bankruptcy in the nation's history.
Detroit Bankruptcy Fees Hit 12.8 Mln Dollars So Far
Detroit has so far spent 12.8 million U.S. dollars on lawyers and other professionals for their work to restructure the city's finance as part of its historic bankruptcy filing.
  • Detroit Becomes Largest US City to File For Bankruptcy

  • The largest city in the State of Michigan is saddled with more than 18-billion-US-dollars worth of debt.
  • The Fall of a City: Detroit

  • In the United States, a once great city is in decline.The state of Michigan has declared a financial emergency for Detroit.
  • New-energy Cars Prevail in Detroit Auto Show

  • A press preview of the 2013 North America International Auto Show opened on January 14 in Detroit, Michigan in the United States.

    The quicker the bankruptcy process, the better for city, the state and the auto industry, GM CEO Dan Akerson says.

    Maybe Henry Ford is to blame. His Ford Motor Company had been in Detroit only a few years before he moved his whole operation to the suburbs in 1910.

    Chrysler Group believes in the City of Detroit and its people. We not only continue to invest in the city and its residents by adding to our presence in Detroit, we also are committed to playing a positive role in its revitalization.
    Motor City -- Detroit

    Detroit is the most populous city in the U.S. state of Michigan, and is the seat of Wayne County, the most populous County in the State of Michigan.

    Known as the world's traditional automotive center, "Detroit" is a metonym for the American automobile industry and an important source of popular music legacies celebrated by the city's two familiar nicknames, the Motor City and Motown.

    U.S. Cities That Went Bankrupt
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