Is Detroit really broke? Crucial bankruptcy trial to begin
(Source: Associated Press, October 22, 2013)
DETROIT — A judge starts exploring that question Wednesday in an unusual trial to determine whether Detroit indeed is eligible to scrub its books in the largest public bankruptcy in U.S. history. Unions and pension funds are claiming the city failed to negotiate in good faith before filing for Chapter 9 protection in July.
Full story: NBC News
Thursday, October 24, 2013
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