Detroit Bankruptcy

Detroit Bankruptcy

This April 9, 2008 file photo shows the city of Detroit. An attorney for Detroit is set to resume his opening statement, Wednesday, Sept. 3, 2014, at the city’s historic bankruptcy trial, after telling the judge on the first day that the city’s plan to restructure billions of dollars in debt is needed to free up funds to provide services to residents and allow it to survive. (AP Photo/Carlos Osorio, file)

FILE- This April 9, 2008 file photo shows the city of Detroit. An attorney for Detroit is set to resume his opening statement, Wednesday, Sept. 3, 2014, at the city’s historic bankruptcy trial, after telling the judge on the first day that the city’s plan to restructure billions of dollars in debt is needed to free up funds to provide services to residents and allow it to survive. (AP Photo/Carlos Osorio, file)

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