Detroit Files For Chapter Nine Bankruptcy
Michigan's largest city has filed for Chapter Nine bankruptcy protection. Struggling with billions of dollars in debt after decades of mismanagement, Detroit is the largest city in the history of the United States to file.
Kodak Files For Bankruptcy
Another iconic American brand is navigating troubled financial waters as Kodak has filed Chapter 11 bankruptcy. Despite $4 billion in annual sales, Kodak is struggling with legacy costs and low-cost digital competition. For many decades Kodak was THE name for film and photographic paper. Chances are good that you have some old snapshots in an album at home on Kodak paper.

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