The morning of September 15, 2008, began with the unthinkable: Lehman Brothers Holdings Inc., the storied Wall Street firm that had survived the Civil War, the Great Depression, and two world wars, filed for Chapter 11 bankruptcy protection. With more than $600 billion in…
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On July 18, 2013, the city of Detroit filed for Chapter 9 bankruptcy protection, marking the largest municipal bankruptcy in U.S. history. The filing was submitted by Kevyn Orr, the city’s state-appointed emergency manager, to the U.S. Bankruptcy Court in the Eastern District of…
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