• / Free eNewsletters & Magazine
  • / My Account
Home>Eight Implications of a Detroit Bankruptcy

Eight Implications of a Detroit Bankruptcy

Perspectives Content Submission

Fri, 27 Dec 2013

On December 3, to the dismay of its creditors—including the American Federation of State, County, and Municipal Employees (AFSCME), a union representing thousands of Detroit retirees—the city of Detroit was declared bankrupt. Under federal bankruptcy code, municipal protection under Chapter 9 is no

Related Videos

  1. How Enticing Are Munis Today?

    As investors realize the impact of new tax increases, municipals are going to become more valuable--but research is key to finding value and avoiding trouble, says Fidelity's Kevin Ramundo.

  2. Will the Next Municipal Shoe Drop on Bondholders?

    Despite the scare of recent bankruptcies and downgrades, municipalities have the resources to continue making bond payments, while looming tax increases likely won't affect muni demand, says Morningstar's Jeff Westergaard.

Upcoming Events
Conferences
Webinars

©2014 Morningstar Advisor. All right reserved.