Bankruptcy

Reuters

The Bixi Bike-Share Bankruptcy Saga Just Got Even More Interesting

It's looking like Canadian furniture magnate and adventurer Bruno Rodi will step in to save the troubled firm. 

Shutterstock

Bixi Files for Bankruptcy, But Bike-Share Goes On

The company's bike-sharing systems are in place in cities all over the world. So what happens next?

Reuters

Detroit's Newly Elected Mayor Gets an Actual Job Description

The city's emergency manager reaches a power-sharing agreement.

A Delightfully Cheesy 1976 Ode to Detroit's Art Museum

The DIA's fortunes weren't always so grim.

Flickr

How One Mayor Pulled His City Back From the Brink of Bankruptcy

Providence's mayor tamed his city's money problems in just one term. Will that propel him to statewide office?

Reuters

Rand Paul Thinks He Can Show the GOP How to Court Urban Voters

The libertarian from Kentucky has his own plan for how to save Detroit.

Associated Press

Detroit Is Officially Eligible for Bankruptcy

And its pensions could be cut, a judge has ruled.

Reuters

Detroit Heads to the Polls to Elect a Mayor Who Won't Have Any Power

How do you campaign to be in charge of nothing?

Reuters

Detroit is Paying $600 an Hour to the Guy Appointed to Oversee Insane Bankruptcy Expenses

The high cost of going broke.

Associated Press

How Europe's Financial Crisis Is Slowing Down Detroit's Bankruptcy

A reminder that the consequences of globalization are far-reaching and unexpected.

Reuters

A Federal Judge Has Frozen All Legal Challenges to Detroit's Bankruptcy

A victory for the city's lawyers, a defeat for public-employee unions.

National Archives

The Time the Teacher's Union Saved New York From Bankruptcy

In October 1975, only the whims of a union leader separated the city from default.

Kirk Krippens

How to Photograph a Bankrupt City

Kirk Crippens has been taking pictures of Stockton, California, since its housing bubble famously burst.

Reuters

Judge: Detroit's Bankruptcy Filing Is Unconstitutional

Citing the state's constitution, which bars actions that would reduce the pensions of public employees, a Michigan judge blocked the historic filing.

Reuters

Detroit's Bankruptcy Was Inevitable, Though It's Tempting to Think Otherwise

Stories of plucky urban homesteaders and community gardens may have distracted us from reality.

Reuters

General Motors Came Back After Bankruptcy. Can Detroit Do the Same?

Answers to the questions we're all asking today.

Reuters

The Difference Between Chapter 9 and Other Types of Bankruptcy

Detroit is activating a specific section of the U.S. bankruptcy code that applies to municipalities.

Read the City of Detroit's Full Bankruptcy Filing

The city filed for Chapter 9 protection Thursday, the largest U.S. municipality ever to do so.

Reuters

Michigan Will Take Over Detroit

Snyder has "top candidate" for Emergency Manager in mind; consolidation of power will likely lead to cuts and asset sales that the mayor and city council sought to avoid.