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Digging into Detroit's bankruptcy filing
Digging into Detroit's bankruptcy filing

Detroit has once again been in the headlines as the city and its creditors battle in court over whether the city is eligible to receive bankruptcy protection. Municipal bankruptcy, like just about everything else that contains the word "municipal" or has anything to do with lawyers, is complicated. We checked in with Detroit lawyer Nathan Resnick, a municipal bankruptcy expert, and with his help we'll try to explain what an ongoing court hearing means, and where Detroit stands in its efforts to turn around its finances. Didn't Detroit already file for bankruptcy? What's the purpose of the hearing? Detroit did file for bankruptcy protection on July 18, a process...

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