Skip to main content

Detroit, the largest U.S. city on the road to bankruptcy

Detroit, the largest U.S. city on the road to bankruptcy


Judge ends 4 months of the mysterious fate of the city and the judgment to protect them from creditors


Detroit, the largest U.S. city on the road to bankruptcy
Detroit, the largest U.S. city on the road to bankruptcy

Has become the city of " Detroit " U.S. officially qualify for bankruptcy under Chapter IX , according to the law of the United States , according to what was announced during the American judge issued a ruling on the city 's debt .

According to the newspaper "Life " , a newspaper reported , " Detroit Free Press " that Detroit is now officially the largest American city in the history of the United States be declared bankrupt under Chapter IX , after Judge Steven Rhodes they are eligible for it because of the availability of all legal standards that allow protection from its creditors .

She stated that this provision ending four months of uncertainty over the fate of the city , which is estimated debts of more than 18 million dollars.
Detroit, the largest U.S. city on the road to bankruptcy
Detroit, the largest U.S. city on the road to bankruptcy

Rhodes said : "We have reached to the discovery of this court that the city can not pay its debts , but has at the same time an opportunity for a new start , and I hope to take this opportunity everyone is committed to this city."

The judge also said it would allow deductibility pensions . It is noteworthy that after the judge's decision verbal , which is supposed to be followed by a written report of 140 pages , Detroit got the green light for bankruptcy .

The population of Detroit declined from 1.5 million people in the fifties of the last century to about 700 thousand people
Labels:
Location: États-Unis

Comments

Post a Comment

Popular posts from this blog

Nokia reportedly plans a return to smartphones in 2016

Nokia is planning to make a comeback and return to making phones in 2016. That's according to personnel familiar with company plans, who reveal that releasing Android tablets under the brand simply isn't enough. Nokia reportedly plans a return to smartphones in 2016  Nokia reportedly plans a return to smartphones in 2016  With the introduction of the Nokia 2016 has become a company with freedom, where officially ended item that was part of Microsoft's takeover deal, which prevents the company from the competition in the mobile phone market and the issuance of phones under the brand Nokia the day before 12.31.2015. Nokia reportedly plans a return to smartphones in 2016  On the ground for the return of Nokia phones market was waiting and leaks that began to appear in the days abound and the days to come naturally to one of the most prestigious companies in the mobile industry. Nokia reportedly plans a return to smartphones in 2016  Today featur...
Post a Comment
New

Microsoft decided 4.7 million device at least from personal computers infected with malware developers prepared and published in Kuwait and Algeria.

Microsoft decided 4.7 million device at least from personal computers infected with malware developers prepared and published in Kuwait and Algeria. Microsoft decided 4.7 million device at least from personal computers infected with malware developers prepared and published in Kuwait and Algeria. Microsoft decided 4.7 million device at least from personal computers infected with malware developers prepared and published in Kuwait and Algeria. These victims do not realize they are infected currently  Char that "the editing process" is the most successful of the last century between the operations carried out by the Digital Crimes Unit at Microsoft so far depending on the number of infected machines that could be identified.  Microsoft has identified personal devices infected by intercepting communication with hardware servers in the company, "Vitaloerks" Web Solutions, based in Reno, Nevada.  Vitaloerks criticized the way in which Microsoft has d...
Post a Comment
New

The confessions economic killer "John Perkins" US intelligence agent CIA

Part of the confessions economic killer "John Perkins" US intelligence agent CIA  the confessions economic killer "John Perkins" US intelligence agent CIA Speaking about the history of economic killer project within the corridors of the CIA .. and the steps involved to control the states .. He says: Stages of that plan: start sending men from US intelligence agents as businessmen to the States to be economically occupation Vtkhadda governments then supported on huge projects that State resources, but these projects aims mainly to download a huge state debt and the country's economy collapse and default on those debt .. And then suppose we Americans are our conditions .. First that allow us to build military bases on their territory or send their army to serve us in our battles such as Iraq, Afghanistan or vote for us in the United Nations or sell for our companies American resources such as electricity companies, water and possible also sell us their sch...
Post a Comment
New