Detroit eligible for bankruptcy, what comes next?
Today, Judge Steven Rhodes of the United States Bankruptcy Court ruled that while the City of Detroit did not negotiate with creditors in good faith, it did file for bankruptcy in good faith. His ruling makes Detroit eligible to file for the largest municipal bankruptcy in this country’s history.
David Shepardson, Washington reporter with the Detroit News has been following the bankruptcy. He joined us to talk about this historic ruling, and what to watch for in the coming months.
Listen to the full interview above.