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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

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