Detroit filed for bankruptcy protection on Thursday and the Motor City’s debts and liabilities are estimated to be as high as $20 billion, making Detroit’s bankruptcy the largest in U.S. history. Heidi Ewing, a Michigan native and co-director of “Detropia,” a documentary that gives an unvarnished look into Detroit’s political dysfunction and financial decay, expects more hardships for city residents as a result of the bankruptcy filing.
“Detroit is on its knees and… people were thinking Detroit was already at the bottom," she tells TheDaily Ticker. "Well I think we may have a little further to go. It’s very possible city services will be cut back even further. Those people who have chosen to stay in Detroit or couldn’t leave will bare the brunt of this bankruptcy.”
“Detroit is on its knees and… people were thinking Detroit was already at the bottom," she tells TheDaily Ticker. "Well I think we may have a little further to go. It’s very possible city services will be cut back even further. Those people who have chosen to stay in Detroit or couldn’t leave will bare the brunt of this bankruptcy.”
Detroit slums:
ref:
Earlier other american cities have also filed bankrupcy. these include Atwater , Stockton
http://usnews.nbcnews.com/_news/2012/10/04/14218808-fourth-california-city-faces-bankruptcy-as-municipal-disease-spreads?lite
http://www.nbcnews.com/id/52347086/ns/us_news/t/stockton-taxpayers-want-bigger-role-california-citys-bankruptcy-case/
What is the impact? read the link below:
Related: Why We Should Care About Detroit's Future
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