Detroit is on the verge of filing bankruptcy. In fact, according to the city's Emergency Manager Kevyn Orr, there's still a "fifty fifty" chance it will find itself on the wrong side of a bankruptcy filing. This is part of a 135 page letter, proposal and explanation to its many creditors. He's already met personally with many of those creditors to lay the cards on the table and find solutions.
The post Detroit Offers Pennies on the Dollar to Creditors appeared first on MarketProSecure.com.