On This Page: November 2013, No. 316

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Detroit’s Bankruptcy: The Uncharted Waters of Chapter 9
Last Updated: 10/04/13
On July 18, 2013, Detroit became the largest municipality to seek protection under Chapter 9 of the U.S. Bankruptcy Code. This article describes several ways in which Detroit’s bankruptcy filing has the potential to alter some of the key assumptions of municipal bond (muni) finance and examines the market reaction to date.