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The city of Detroit, Michigan filed for Chapter 9 bankruptcy
on July 18, 2013. It is the largest municipal bankruptcy filing in U.S.
history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4 billion filing in 2011.[1] Detroit is also the largest city by population in the U.S. history to file for Chapter 9 bankruptcy, more than twice as large as Stockton, California, which filed in 2012. Detroit’s population has declined from a peak of 1.8 million in 1950; recently, the New York Times called the city “home to 700,000 people, as well as to tens of thousands of abandoned buildings, vacant lots and unlit streets. Wikipedia
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I really hope the bond thing passes and Les has to pay a lot of $$. Couldn't happen to a nicer guy. Bark Eastman is now a renter and he loves to promote this bond thing. amoros? he rents too.
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