Detroit is eligible for municipal bankruptcy protection - federal judge

DETROIT, Dec 3 (Reuters) - Detroit is eligible for the biggest municipal bankruptcy in U.S. history because the city is broke and without Chapter 9 bankruptcy would continue on the path that has led...

from Reuters: Bankruptcy News http://feeds.reuters.com/~r/reuters/bankruptcyNews/~3/MFEvcAVwG_c/usa-detroit-bankruptcy-protection-idUSL2N0JI12620131203