Is Detroit Headed For Bankruptcy?

 It’s expected to be a huge week in Detroit, as we expect to find out whether the city will file for bankruptcy.

In the meantime, the state Attorney General’s Office has until today to respond to one lawsuit filed last week. It seeks to block Governor Rick Snyder from giving Detroit’s Emergency Manager Kevyn Orr authorization to seek Chapter 9 bankruptcy. Many believe that’s where Detroit is headed, including community activist Helen Moore.

http://detroit.cbslocal.com/2013/07/15/is-detroit-headed-for-bankruptcy/

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