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Bankruptcy not a good option for Detroit

by

DETROIT (WKZO) -- Experts warn the City of Detroit to avoid bankruptcy if possible.

Political and legal battles continue to stall the release of millions of dollars in bond funding by the state.  Financial and legal experts warn that Detroit should prepare itself for a long, costly battle if forced to declare bankruptcy.

If Detroit was to go bankrupt, it would be the biggest city ever to file for bankruptcy protection in American history.

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