Lawyers for Detroit will attempt to convince a federal judge at the city’s bankruptcy trial that its plans to wipe out billions of dollars in debt should be approved. After some delays, the start of the trial Tuesday in U.S. District Court comes just over 13 months after Detroit became the largest U.S. city to […]
Some Detroit residents voiced skepticism on Thursday that the former U.S. manufacturing powerhouse would emerge in better shape from its historic bankruptcy filing designed to fix the city’s financial crisis. Hours after learning Detroit filed the largest municipal bankruptcy in U.S. history, residents spoke of the stark realities that come with living in a financially […]
City governments are joining cash-strapped Americans in seeking bankruptcy protection. Three cities have filed for bankruptcy in California in the last month alone and others may join the rush to protect an onslaught from creditors. The City Council of San Bernardino, with 210,000 residents, voted Tuesday night to file for Chapter 9 bankruptcy, joining Stockton […]
According to one source, (since repeated ad nauseum by everybody else), the Wassilly HillyBilly made off with $12 Millions over her last 9 months. Talk about a profitable pregnancy. Never has any other quitter made off with so much loot in so little time. One would almost think that she had a fully functioning brain inside that vapid, hollow, mostly unused cranium.