Detroit files for bankruptcy
The city of Detroit in the United States has become the largest American city to file for bankruptcy. It has debts of more than £11 billion.
The city of Detroit in the United States has become the largest American city to file for bankruptcy. It has debts of more than £11 billion.
Detroit was once synonymous with US manufacturing prowess - now it has become synonymous with decline, decay and crime:
Once a powerhouse of the US car industry, Detroit has filed for bankruptcy as it owes creditors almost $20bn it cannot pay.
Detroit, once a booming American metropolis, has become the largest US city to file for bankruptcy, with debts of at least $18bn.