CITY OF DETROIT, MICHIGAN Bankruptcy Filing

Filing Information

CITY OF DETROIT, MICHIGAN filed a 9 chapter bankruptcy in the Eastern District of Michigan bankruptcy court on July 18, 2013. This is a voluntary filing; it was assigned the bankruptcy case number #13-53846.

CITY OF DETROIT, MICHIGAN Bankruptcy Information

The bankruptcy petition for CITY OF DETROIT, MICHIGAN showed assets in the range of more than $1B with liabilities in the range of more than $1B. CITY OF DETROIT, MICHIGAN reports that the number of creditors is in the range of more than 100,000.

The debtor indicated their nature of business as 'None of the Above'. The options for nature of business in bankruptcies are rather limited and archaic. They include 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.

CITY OF DETROIT, MICHIGAN indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors.

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