Hedge funds tread carefully around Detroit bankruptcy

cars-dollars — Detroit runs out of gas – and money

Pauline McCallion
05 Sep 2013

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The July 18 announcement that the city of Detroit, Michigan, would file for Chapter 9 bankruptcy came as a surprise to no-one. Once the epicentre of the US automotive industry, the Motor City has quite literally struggled to keep the lights on in recent years as its industrial core collapsed following the financial crisis.

Residents were forced to move elsewhere for work and Detroit’s population dwindled from a 1950s high of 1.86 million to 700,000 residents in 2012. After racking up $18 billion

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]