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Wednesday, October 23, 2013

Detroit Bankruptcy Trial Begins

Protesters rally outside The Theodore Levin United States Courthouse in Detroit, Wednesday, Oct. 23, 2013. (Paul Sancya/AP)

Protesters rally outside The Theodore Levin United States Courthouse in Detroit, Wednesday, Oct. 23, 2013. (Paul Sancya/AP)

The trial to determine whether Detroit is eligible for bankruptcy begins today. Many of the city’s creditors oppose the bankruptcy, while others argue that there’s no other option.

In March, Kevyn Orr was appointed emergency manager and took control of the city’s finances, but the Detroit still holds close to 18 billion dollars in long-term debt.

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