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Tuesday, January 15, 2013

How To Handle Detroit's Inevtiable Bankruptcy

Read the whole thing at Reason - they argue (convincingly) that going through the courts will take much of the politics out of the way.

The main issue that Snyder, a Republican, will ultimately have to confront is whether to put Detroit through a managed bankruptcy, which would be legally less nettlesome but require his maximal involvement, or a conventional Chapter 9 court process that will be legally arduous but would minimize his role.

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