State laying groundwork for managed bankruptcy for Detroit | The Detroit News | detroitnews.com

Under Public Act 72, an emergency financial manager cannot move to abandon the city’s financial workout plan in favor of bankruptcy until 180 days have passed. (Detroit News file)

 

via State laying groundwork for managed bankruptcy for Detroit | The Detroit News | detroitnews.com.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s