Chapter 7 And Chapter 12 Bankruptcy

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JESSICA DESVARIEUX: Welcome to The Real News Network. I’m Jessica Desvarieux in Baltimore. On Thursday, the City of Detroit filed for Chapter 9 bankruptcy, making it the largest city in U.S. history to file for bankruptcy. One-quarter of Detroit’s population has left since 2000, roughly the same number of vacant housing units, and the common refrain that we hear is that Detroit’s problems were decades in the making. Now joining us to unpack all this is Frank Hammer. Frank is a retired GM employee of 32 years.

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