What Exactly Happens Now That Detroit Is Bankrupt?

Illustration for article titled What Exactly Happens Now That Detroit Is Bankrupt?

Yesterday Detroit declared bankruptcy. It's the biggest American city ever to do so, and as I thought about that I realized I didn't really know what that actually meant for the city. Was the US Landlord General going to kick everyone out and change the locks? So I decided to see exactly what happens to a bankrupt city.

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Chapter 9 bankruptcy is actually not all that complicated, at least in the fundamentals. It is, however, pretty dry, so I decided to spice it up a bit by putting it in fun infographic format, suitable for framing or hiding a long, narrow urine stain on your hardwood floor.

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So, here's what's likely to happen to America's automotive heart in the immediate future, and it doesn't look like a hell of a lot of fun. But, it is the first step Detroit has to take to get on its feet, so good luck, Motor City. I'll give you a buzz when all the crap blows over.

Enjoy!

Illustration for article titled What Exactly Happens Now That Detroit Is Bankrupt?

(Sources: USCourts.gov, NPR, Wikipedia)

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DISCUSSION

I think we can all agree that Torch makes THE BEST infographics and article pictures. Thank you for being this awesome.