Detroit bankruptcy to set off battles with creditors, unions and pension holders

6:47 am
Fri July 19, 2013

Detroit bankruptcy to set off battles with creditors, unions and pension holders

Lead in text: 
Financially troubled cities around nation will watch what happens in Detroit
The City of Detroit filed for Chapter 9 bankruptcy protection in federal court, laying the groundwork for a historic effort to bail out a city that is sinking under billions of dollars in debt and decades of mismanagement, population flight and loss of tax revenue.