$7 billion
The amount of Detroit's liabilities it was able to unload in its historic bankruptcy. The city finally emerged from state financial oversight last week, five years after it declared what was then the largest municipal bankruptcy in history.
The amount of Detroit's liabilities it was able to unload in its historic bankruptcy. The city finally emerged from state financial oversight last week, five years after it declared what was then the largest municipal bankruptcy in history. The city plans to start repayments again in 2024 -- but its grasp on financial stability remains fragile.
