In Bankruptcy, Detroit Cedes Control, Gains a Respite

By filing for bankruptcy, debt-ridden Detroit is buying itself some time to fix its finances, but it also is giving up financial control of its government and handing it to a federal judge.

Law professor Peter Henning at Wayne State University in Michigan said the judge, not the city’s elected officials, will be making important decisions about the city’s future.
“Really, what it is, it’s a watershed moment because no longer is it just the emergency manager and the …

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