Detroit bankruptcy

In this Oct. 24, 2012 file photo, a pedestrian walks in Greektown in downtown Detroit. A state-appointed review team Tuesday, Feb. 19, 2013 determined Detroit is in a financial emergency, paving the way for Republican Gov. Rick Snyder to appoint an emergency manager who would need to come up with a new plan to get the city out of its fiscal crisis.

10 years ago Detroit filed for bankruptcy. It makes a comeback but there are hurdles

6:00am July 22, 2023

by Quinn Klinefelter

The "Motor City" has made significant progress since it became the largest municipality to file for bankruptcy a decade ago but still faces potholes in its recovery.

In the 1970s, Vernice Davis Anthony was one of dozens of Detroit public health nurses who regularly fanned out throughout the city, building trust. They visited the home of every new mom and worked in schools, tracking cases of infectious diseases and mak

Health & Safety

Detroit Once Tried To Privatize Public Health. Now It's Trying To Rebuild

2:08pm August 06, 2021

by Anna Maria Barry-Jester

With bankruptcy looming in 2012, Detroit largely dismantled its public health department. Years later, that decision offers a cautionary tale to other U.S. cities as the painful rebuilding continues.

Detroit is attracting entrepreneurs who like the relatively cheap workspaces. But real estate developers and business owners like Sean Harrington, who turned the Iodent Building into an apartment complex, are paying the price in property taxes.

On The Road To Recovery, Detroit's Property Taxes Aren't Helping

8:45am May 28, 2015

by Jason Margolis

Even with cheap rent, the cost of doing business is high. With the nation's highest commercial property taxes, one business mogul says this stunts entrepreneurship in a city that needs more jobs.

Queue Listen Now

Detroit's Bankruptcy Is Over, Michigan's Governor Says

1:59pm December 10, 2014

by Krishnadev Calamur

The city's bankruptcy, the largest municipal bankruptcy in U.S. history, will end at 12:01 a.m. ET Thursday, Gov. Rick Snyder said. The city filed for bankruptcy on July 18, 2013.

Detroit emergency manager Kevyn Orr (left) speaks at a news conference in Detroit as Michigan Gov. Rick Snyder, who appointed Orr, listens. Orr's plan for the city to emerge from bankruptcy was approved by a federal judge today.

Judge Approves Detroit's Plan To Exit Bankruptcy

2:59pm November 07, 2014

by Scott Neuman

The deal worked out by the city's emergency manager includes shedding $7 billion in debt and borrowing hundreds of millions of dollars to implement the strategy.