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
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| 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.
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| 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
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