1. CowboysZone Upgrade Coming Soon! For more information, click here.

The City of Detroit has filed for Bankruptcy

Discussion in 'Off-topic Zone' started by ABQCOWBOY, Jul 18, 2013.

  1. ABQCOWBOY

    ABQCOWBOY Moderator Staff Member

    36,664 Messages
    2,942 Likes Received
    Motor City Files for Bankruptcy

    Detroit filed for the largest municipal bankruptcy in U.S. history Thursday after steep population and tax base declines sent it tumbling toward insolvency.

    The filing by a state-appointed emergency manager means that if the bankruptcy filing is approved, city assets could be liquidated to satisfy demands for payment.

    Click on this link to read the entire story:
    http://www.foxnews.com/
  2. Supercowboy1986

    Supercowboy1986 Well-Known Member

    1,066 Messages
    184 Likes Received
    Wow i didnt think a city could file for bankruptcy. Crazy.
  3. BigDGarciaFan

    BigDGarciaFan Active Member

    373 Messages
    35 Likes Received
    will that effect Wolverine home games(games r always packed) and the NHL Winter Classic(schedule for new years day 2014)?
  4. joseephuss

    joseephuss Well-Known Member

    22,998 Messages
    2,042 Likes Received
    I doubt it. Detroit has been struggling for years and it hasn't impacted the Wolverine home games.

    If you have money it may be time to buy land in downtown Detroit. You can get it cheap. Unfortunately, I don't think it will be worth much until decades from now, so you may have to sit on it a while.

Share This Page