A Look at the Next Steps in Detroit's Bankruptcy

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  • The Motor City's Woes
  • What Happens in Court?
  • What Happens in Detroit?
  • How Long Will It Take?
  • Will the Lights Go Out?

What Happens in Detroit?

The judge has told the city to come up with a plan to exit bankruptcy by March 1. But the city's emergency manager, Kevyn Orr, says he'd like to have one ready weeks earlier. The plan could include anything from selling assets, such as art, to cutting pensions and more. Detroit would need the support of creditors and the judge to emerge from bankruptcy.

(Photo: AP Photo/Carlos Osorio, File)

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