Detroit: 10 Years After the Bankruptcy
The city's finances are better, but city workers and retirees feel burned.
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The city's finances are better, but city workers and retirees feel burned.
The bankruptcy restructured or wiped out about $7 billion in debt, while setting aside $1.7 billion to improve city services
Thousands of Detroit city employees and retirees lost big on July 18, 2013, when a state-appointed manager made Detroit the largest U.S. city to file for bankruptcy
Thousands of Detroit city employees and retirees lost big on July 18, 2013, when a state-appointed manager made Detroit the largest U.S. city to file for bankruptcy. A decade later,
Mike Berent has spent more than 27 years rushing into burning houses in Detroit, pulling people to safety and ensuring his fellow firefighters get out alive.