Retirees Continue Struggle Five Years After Detroit Files for Bankruptcy
The national news crews are long gone, and many of today's headlines about the city of Detroit accentuate the many positive things going on as the city climbs slowly back from the financial abyss. But the retirees who made the comeback story possible by agreeing to massive retirement concessions continue to carry the burden of the bankruptcy filing five years ago today.
Plunkett Cooney bankruptcy attorney Doug Bernstein discusses with The Detroit Free Press this sometimes forgotten aspect of the largest municipal bankruptcy filing in American history and the sobering fact that it could have been much worse. Click here for the full story.