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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

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