Today’s Ruling on Detroit’s Bankruptcy Filing Could Make History

detroitAll eyes are on Detroit today as Judge Steven Rhodes plans to rule in the historic Detroit bankruptcy case. If approved, the Motor City’s bankruptcy plan could help it shed $7 billion in debts. For those who haven’t had time to follow the case closely, MLive reporter Eric Lacy has compiled 20 interesting facts about the case you should know.  One of the most disturbing facts he sites is that Detroit is currently home to more than 50,000 abandoned residential and industrial properties.  He also says Detroit has reportedly paid a whopping $150 million in fees for lawyers, legal experts and related expenses in the 477 days since they filed.

Read the full story for more details on the case.

Image credit: allie_k