Detroit to File Debt Plan Friday

Explain how it will make its way out of bankruptcy


Detroit's state-appointed emergency manager expects to file a roadmap in federal court on Friday detailing how the city will treat some $18 billion of debt and other obligations as it tries to exit bankruptcy, a city spokesman said on Thursday.

"Friday is the present expected day to file," said Bill Nowling, a spokesman for Kevyn Orr, the city's emergency manager.

Judge Steven Rhodes, who is overseeing Detroit's bankruptcy case—the largest municipal bankruptcy in U.S. history—set a March 1 deadline for the plan.

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  1. The grand socialist/crony capitalist experiment. Now Obama wants to turn the rest of the country into Detroit. What is the old saying – better to rule in Hell than to serve in Heaven.
    Well Obama is ruling in hell and he is turning Heaven(the USA) into Hell to do so. It has gotten so bad that fellow liberals and blacks – his staunchest supporters are leaving him. Hopefully there will be such a backlash against socialism in this country that it will be run clean out of here- at least until people forget again how bad it really is

  2. When you hear Detroit, think punk-thug Coleman Young.

  3. Oh-Oh. I hope it includes a casino.
    Those things are like crack to busted ass governments.
    Bitches love Casinos.

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