Detroit is one step closer to ending its bankruptcy ordeal after it reached a settlement with one of its remaining creditors.
Syncora Guarantee Inc. has withdrawn its objections to the city’s restructuring plan in return for a deal worth a fraction of the $200 million the company said it was owed.
Still, when Detroit does emerge from bankruptcy it doesn’t mean its revenue problems will be over.
From the Here & Now Contributors Network, Michigan Radio’s Lester Graham explores why.
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