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Detroit files for bankruptcy protection

A vacant, boarded up house is seen in the once thriving Brush Park neighborhood with the downtown Detroit skyline behind it in Detroit, Mich
A vacant, boarded up house is seen in the once thriving Brush Park neighborhood with the downtown Detroit skyline behind it in Detroit, Mich

DETROIT (WKZO) -- Detroit is bankrupt.

Kevyn Orr, Emergency Manager for the Motor City, filed for Chapter 9 bankruptcy protection Thursday.  It's the largest U.S. city to do so.

The city has around 18-billion dollars of debt.  The filing will give the city time to fend off creditors and restructure its finances. 

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