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City of Detroit Files for Bankruptcy

Detroit, Michigan filed for bankruptcy in U.S. federal court on Thursday, making it the largest municipality in U.S. history to seek Chapter 9 protection.
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Inside the abandoned and decaying manufacturing plant of Packard Motor Car in Detroit, Michigan.
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Inside the abandoned and decaying manufacturing plant of Packard Motor Car in Detroit, Michigan.

General Motors' world headquarters is the tallest building along the Detroit skyline.
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General Motors' world headquarters is the tallest building along the Detroit skyline.

Vacant and blighted homes in an eastside neighborhood of Detroit, Michigan.
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Vacant and blighted homes in an eastside neighborhood of Detroit, Michigan.

Carla Lyons holds her bidders card as nearly 9,000 foreclosed Detroit area properties are being auctioned off at the International Center Building in Detroit. Picture taken October 19, 2009.
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Carla Lyons holds her bidders card as nearly 9,000 foreclosed Detroit area properties are being auctioned off at the International Center Building in Detroit. Picture taken October 19, 2009.

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