meanwhile, detroit owes around $18.5 billion to its creditors
SCORE
6
TOP COMMENT
"That includes about $6 billion in health-care and life insurance obligations, plus roughly $3.5 billion in pension costs racked up over the years. Given its ever-worsening economic slide, Detroit was in no position to pay off all its obligations."
by
Add Your:
Image
|
Comment
|
Link
RANKED IN:
reasons why detroit went bankrupt
RANKED BY:
COMMUNITY COMMENTS