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littlewolf

(3,813 posts) Wed Dec 10, 2014, 12:39 PM Dec 2014

a question about Detroit. [View all]

I see where they are about to exit bankruptcy and the city council and mayor
will regain control of the city.
they "shed" 7 billion of the 18 billion they owed. I can not find
what they did to "shed" 7 billion.

4 replies

= new reply since forum marked as read

Highlight:

a question about Detroit. [View all] littlewolf Dec 2014 OP

Good question. What happens to a city in bankruptcy court? jwirr Dec 2014 #1

more or less they cut retiree pensions by 4.5% and i think cut their healthcare too Takket Dec 2014 #2

A lot of it was in pensions. Pensions that were constitutionally protected Cal Carpenter Dec 2014 #3

I'm curious about these 3 new businesses that are to open shortly. Frustratedlady Dec 2014 #4