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Judge Upholds Detroit Bankruptcy Eligibility

Tuesday, December 03, 2013

Detroit is now officially eligible for bankruptcy protection, making it the largest municipal case of it in U.S. history. The city is trying to get out from under a crushing debt topping $18 billion. While the federal judge making the ruling Tuesday scolded the city for hurrying negotiations with unions and creditors, he concluded with was "impracticable" for the city to negotiate in good faith.

Source: NPR

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