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Detroit’s bankruptcy: the uncharted waters of Chapter 9

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Abstract

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.

Suggested Citation

  • Gene Amromin & Benjamin Chabot, 2013. "Detroit’s bankruptcy: the uncharted waters of Chapter 9," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Nov.
    • Handle: RePEc:fip:fedhle:y:2013:i:nov:n:316
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    Keywords

    Bankruptcy;

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