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Detroit Bankruptcy Trial Pits City Against Its Creditors

Thursday, October 24, 2013

In Detroit, a trial continues to determine whether the cash-strapped city is eligible for the largest Chapter 9 bankruptcy protection in U.S. history. But hundreds of creditors Detroit owes money to argue the city did not explore all the options if had to avoid bankruptcy and simply focused on Chapter 9 as its only salvation.

Source: NPR

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