The Detroit Bankruptcy, Pre-Eligibility
17 Pages Posted: 15 May 2014 Last revised: 5 Mar 2015
Date Written: September 1, 2014
On July 18, 2013, the City of Detroit commenced the largest chapter 9 municipal bankruptcy in American history. This article examines the early phase of the case based on a review of audio recordings of court hearings and primary source documents. Decisions made during the pre-eligibility period created the conditions for greater federal court oversight of a municipal bankruptcy than prior commentators thought possible - a theme and story that will be given more expansive treatment in future work.
Keywords: Municipal Bankruptcy, Detroit, Managerial Judging, Chapter 9, Municipal Finance
JEL Classification: K19, K41
Suggested Citation: Suggested Citation