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Detroit files for Chapter 9 bankruptcy [UPDATED: Detroit is Eligible]

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posted on Jul, 19 2013 @ 03:45 PM
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Originally posted by tyfon
I wonder what will happen there now with police and other emergency response units.
Maybe they will try out marchal law?


It should work.

The trial run in Boston went smoothly...




posted on Jul, 19 2013 @ 03:46 PM
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Just saw this breaking news on the Commie News Network:

Judge orders Detroit to withdraw bankruptcy filing


A Michigan Circuit Court Judge ruled Friday that Detroit's bankruptcy filing is unconstitutional and ordered the case be withdrawn from federal bankruptcy court. But Michigan Attorney General Bill Schuette said in a statement soon after the decision that he intended an immediate appeal to the Michigan Court of Appeals and would seek to block this latest order from taking effect while the appeal is heard. The order came in response to motions by lawyers for retirees and pension funds for city workers, who argue the state constitution prohibits cutting pension and retirement benefits, as has been proposed in the bankruptcy case.


Source


edit on 19-7-2013 by madmac5150 because: Can't sleep, the clowns will eat me



posted on Jul, 19 2013 @ 03:49 PM
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I used to live in the Detroit metro area (moved about a year and a half ago now) and am quite glad. I hope that declaring bankruptcy will help them get back on track at some point in the future. After Detroit started really going downhill years ago, this doesn't come as a surprise to me at all. I mean in Detroit, I have seen houses be set on fire and be used as a training exercise for firemen; that there should tell you a lot about the condition of the city's buildings there.

I really feel for the people still living in the Detroit area, including my sister who is still in that area...



posted on Jul, 19 2013 @ 03:53 PM
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Originally posted by Senduko
reply to post by xuenchen
 



But doesn't matter, So what happens next? Marshall Law?


Who's Marshall Law?

But on a side note, this is making us even closer to RoboCop. Detroit will be purchased by corporate interests and gentrified by some OCP type of company.

Awesome... kind of.



posted on Jul, 19 2013 @ 04:03 PM
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Originally posted by HauntWok
Good. Detroit has been bankrupt for a long time. This should help matters a bit. Hopefully they will have to restructure the government of the city as well. Maybe they won't have anymore "at large" councilpersons.

This is what happens when you have TOO MUCH liberal ideology running the politics of a government.



I absolutely agree.

Cities that are ran under Democratic Government tend to go down quickly; high crime, high poverty, high unemployment, low education...

One reason is that there is too much waste of the tax-payer's money for program after program after program....



posted on Jul, 19 2013 @ 04:42 PM
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Little FYI for the Detroit pity party or trash talking Detroit.

Yes Detroit is an economic wasteland and that is for two simple reasons. Greed and corruption. The only difference between Detroit and other cities is that the people in charge of Detroit, since around 1970, is the fact that Detroit's politicians stole almost everything from the city and put very little back into it, whereas other city officials stole only what they could get away with.

Michigan as a whole is very beautiful, we have the largest supply of fresh water in the world, we have more beachfront than Florida, California or any other state in the USA. Michigan has some of the most diversely beautiful landscapes in the USA, great fishing, boating, huge sand dunes, wineries, Black Cherries, Apple Orchards and cider mills, Amish farms ( Yes real Amish driving their buggies), Traverse City (Amazing), Mackinac Island (Amazing too). And so on. I think you get my point, just because Detroit is a train wreck currently doesn't mean it will stay that way.

Does anyone here on ATS know why major cities are build where they are?

The answer is that the best farm land was chosen in the early days. Detroit sits on is some of the best farmland in the USA. Don't believe me look up on Google Detroit farm in the inner city. Investors are buying up plots and farming them. Heck even some abandon parts of Detroit have been sanctioned as a wildlife refuge for rare birds taking up home there. Detroit will be an interesting situation to watch unfold, because on the whole people from Michigan actually love their state.

Peace,

RT


edit on 19-7-2013 by Realtruth because: (no reason given)



posted on Jul, 19 2013 @ 05:10 PM
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Well, the picked the bankruptcy judge...already


www.clickondetroit.com...


U.S. bankruptcy Judge Steven Rhodes has been chosen to preside over Detroit's Chapter 9 bankruptcy case.

Steven Rhodes has been a judge in U.S. Bankruptcy Court for nearly 30 years. He was appointed Friday by Alice Batchelder, chief judge at the federal appeals court that covers Michigan.

Rhodes has the endorsement of the chief judge at the Bankruptcy Court as well as many federal judges across the street at U.S. District Court.


judgepedia.org...



posted on Jul, 19 2013 @ 05:16 PM
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reply to post by xuenchen
 


If I was super rich I'd BUIY Detroit.

Surely something can be done with a whole city even though much of it looks like something out of a post-apocalyptic Mad Max film.

Detroit's Beautiful, Horrible Decline - Time Magazine Photo Essay.

Sample


I think it's sublime.

I wonder how much they might want for it - a single Billion maybe..?


edit on 19-7-2013 by NewAgeMan because: (no reason given)



posted on Jul, 19 2013 @ 05:20 PM
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Detroit won't be the last big city to go bankrupt.....and who is picking up the 19 billion dollar tab? Are Detroits creditors going to be pennies for a dollar?



posted on Jul, 19 2013 @ 05:35 PM
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reply to post by Realtruth
 


I had to stop lurking and make a proper account to say AMEN to that. I've grown up in Michigan. I've lived in as diverse places as Bad Axe (a small dot in the middle of corn fields up in the thumb and a place where you can see nearly every star in the sky at night thanks to the lack of city lights anywhere remotely close) to Romulus (way to close to 8 Mile) to Royal Oak (the awesome sauce if you'll excuse me for using such a stupid phrase) and now the more subdued west side of the state where I spent my teens. Flint is a good example of what happens when you have one place built on one type of industry and city leaders and what rapidly happens to it when that industry picks up and is moved to cheaper places. Detroit has been following that same path for far too long, in a variety of different ways.

Despite the fact that Detroit has become a train wreck, the surrounding areas are full of everything under the sun. My idea of "everything" might be different than some considering I'm an artist by trade and wonky by nature. I love this state and I hate seeing things like this happen to any of it. I like when I see other people pointing out how wonderful it is too! And even Detroit, as an artist I know it for the thriving Low Brow art culture that has grown out of its Motown past and all of the car culture. For the ramen budget artist Detroit is still an incredible area to take in hole in the wall galleries and events.

All of this said... I would totally support Robocop in Detroit... minus the corporate backing


- Bethalynne



posted on Jul, 19 2013 @ 05:37 PM
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reply to post by xuenchen
 


Everyone knew this was going to happen but it is still bad to finally watch it go down. An entire city has lost it all. A shock every time we see it because of all the people who are going to suffer in the aftermath. Detroit has officially died! No more motor city and no more `most dangerous city in America` images from this once great Empire of Capitalism.

BTW Just how bad did it get in Detroit politics in order for this to be allowed to happen?



posted on Jul, 19 2013 @ 05:37 PM
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reply to post by Bajema
 


Very nice for a first post


You now have your first star



posted on Jul, 19 2013 @ 07:04 PM
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reply to post by xuenchen
 


I'd briefly lived there a few years ago while working on a project.. Can't say am surprised one bit, guess was only a matter of time. Though I remember there were talks of how the casinos and tourists would bring in the money. But guess wasn't to be. Well, the only good thing about hitting rock bottom, is one can only rise from there (here's to hoping).



posted on Jul, 19 2013 @ 07:46 PM
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Originally posted by Realtruth
Detroit sits on is some of the best farmland in the USA.


After a 150 years of so of urban living, especially considering how people just dump everything in vacant lots, I'd steer clear of any Urban farming. Who knows what chemical compounds are now in that soil.



posted on Jul, 19 2013 @ 08:00 PM
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delete
edit on 19-7-2013 by MidnightTide because: (no reason given)



posted on Jul, 19 2013 @ 08:27 PM
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I'm shocked!! Detroit is such a lovely town with plenty of space. Hell there is only 700k people living there and in the 50s it was 2 million. You could have a whole city block for cheap.



posted on Jul, 19 2013 @ 08:29 PM
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reply to post by freedomwv
 


A lot of things led up to the demise of Detroit....from the auto industry abandoning it, to the first malls at Eastland and Northland that signaled the end of downtown shopping, to the economic decay the followed those events.
The 1967 riots did not help at all.
There are a lot of reasons....

But, I would have to say, the final nails in the coffin are thanks to this man, the previous mayor of Detroit:
en.wikipedia.org...



posted on Jul, 19 2013 @ 10:23 PM
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After all the years of mismanagement they hit rock bottom and the people will be the ones who will pay.So much for not abandoning Detroit the President's handlers turned their backs once they had a chance.



posted on Jul, 19 2013 @ 11:01 PM
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reply to post by mike dangerously
 


The original Robocop movie pretty much nailed Detroit's future...Omni Consumer Products will be running Detroit now...



posted on Jul, 20 2013 @ 12:13 AM
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reply to post by conspiracy nut
 


Makes me wonder if some Corporation or group of Corporations won't come along and bail Detroit out and own that city outright and administrate it like a Major Corporation in the future. Ground Zero for a Robo-Cop Scenario



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