Tag Archives: ponders bankruptcy

Flint Michigan ponders bankruptcy

July 09, 2014   Guest Author

In a June 12, 2014 photo in Flint, Mich., the skyline of the city is seen from the west side. As Detroit hopes to ride out of bankruptcy this year, a smaller Michigan city with a similarly strong bond to the automotive industry soon could drive in. Flint, like its bankrupt big brother an hour’s drive south, has suffered a spectacular drop in population and factory jobs with a corresponding rise in property abandonment and crime. (AP Photo/Carlos Osorio)

By JEFF KAROUB

As Detroit struggles to climb out of bankruptcy, another Michigan city with strong ties to the auto industry may be about to fall into the same hole.

Read More