Presented By: Osher Lifelong Learning Institute (50+)
The Detroit Bankruptcy Case – Reflections from the Inside
Judge Steven Rhodes
The city of Detroit filed for Chapter 9 bankruptcy on July 18, 2013. It was the largest municipal bankruptcy filing in U.S. history, with an estimated debt of between $18-20
billion. Judge Rhodes presided over a process that
captured the attention of the nation. The fascinating story includes key roles of the governor of the state, the
emergency manager for the city, as well as the people of Detroit themselves. You will hear of how a grand bargain was fashioned that enabled the city to exit bankruptcy in only eighteen months, a record no one thought possible.
billion. Judge Rhodes presided over a process that
captured the attention of the nation. The fascinating story includes key roles of the governor of the state, the
emergency manager for the city, as well as the people of Detroit themselves. You will hear of how a grand bargain was fashioned that enabled the city to exit bankruptcy in only eighteen months, a record no one thought possible.
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