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| Detroit to rebound 'stronger' after bankruptcy filing | Detroit to rebound 'stronger' after bankruptcy filing |
| (34 minutes later) | |
| Michigan Governor Rick Snyder has said Detroit may have hit rock bottom with its bankruptcy filing, but the move will reverse decades of decay. | Michigan Governor Rick Snyder has said Detroit may have hit rock bottom with its bankruptcy filing, but the move will reverse decades of decay. |
| The Republican said the city - once the birthplace of the US car industry, now groaning under $18bn (£12bn) of debt - deserves a fresh start. | The Republican said the city - once the birthplace of the US car industry, now groaning under $18bn (£12bn) of debt - deserves a fresh start. |
| Detroit has faced decades of problems linked to declining industry. | Detroit has faced decades of problems linked to declining industry. |
| Public services are nearing collapse and about 70,000 properties lie abandoned. | Public services are nearing collapse and about 70,000 properties lie abandoned. |
| Gov Snyder said the city had filed for bankruptcy on Thursday because it was "basically broke". | Gov Snyder said the city had filed for bankruptcy on Thursday because it was "basically broke". |
| "Many people may step back and say this is the lowest point in Detroit's history," he told Friday's news conference. "The history books may say that. | "Many people may step back and say this is the lowest point in Detroit's history," he told Friday's news conference. "The history books may say that. |
| "But what would happen if we didn't do this act? | "But what would happen if we didn't do this act? |
| "Detroit would continue to go downhill and it wouldn't be the lowest day in Detroit's history. They would continue day after day and that's not right, again for the citizens." | "Detroit would continue to go downhill and it wouldn't be the lowest day in Detroit's history. They would continue day after day and that's not right, again for the citizens." |
| He added: "We will come out with a stronger, better Detroit and a format to grow this city. The citizens of not just this city but the state deserve it." | He added: "We will come out with a stronger, better Detroit and a format to grow this city. The citizens of not just this city but the state deserve it." |
| Gov Snyder was flanked by state-appointed emergency manager Kevyn Orr, who suggested last month that the city's long-term debt could be as high as $20bn. | Gov Snyder was flanked by state-appointed emergency manager Kevyn Orr, who suggested last month that the city's long-term debt could be as high as $20bn. |
| Mr Orr will be allowed to liquidate city assets to satisfy creditors and pensions, if the bankruptcy filing at a federal court is approved. | Mr Orr will be allowed to liquidate city assets to satisfy creditors and pensions, if the bankruptcy filing at a federal court is approved. |
| Detroit - known as Motor City for its once-thriving automobile industry - stopped unsecured-debt payments last month to keep the city running. | Detroit - known as Motor City for its once-thriving automobile industry - stopped unsecured-debt payments last month to keep the city running. |
| Mr Orr proposed a deal in June in which creditors would accept 10 cents for every dollar they were owed. The city is currently paying 38 cents on the dollar. | |
| But two pension funds representing retired city workers resisted the plan. | But two pension funds representing retired city workers resisted the plan. |
| Ed McNeil, the lead negotiator for a coalition of 33 unions, told Reuters news agency the move was about "busting the unions". | Ed McNeil, the lead negotiator for a coalition of 33 unions, told Reuters news agency the move was about "busting the unions". |
| "This is not about fixing the city's finances," he said. "It's about the governor and his own agenda to take over the city of Detroit." | "This is not about fixing the city's finances," he said. "It's about the governor and his own agenda to take over the city of Detroit." |
| US car company General Motors said on Thursday it did not expect any impact on its operations. | US car company General Motors said on Thursday it did not expect any impact on its operations. |
| The White House said it was closely monitoring developments in the Michigan city. | |
| The city has struggled with its finances for some time, driven by a number of factors, including a steep population loss. | The city has struggled with its finances for some time, driven by a number of factors, including a steep population loss. |
| Just between 2000-10, the number of residents declined by 250,000 as people moved away. | |
| The murder rate is at a 40-year high and only one third of its ambulances were in service in early 2013. | The murder rate is at a 40-year high and only one third of its ambulances were in service in early 2013. |
| Police response times to 911 calls average 58 minutes, compared with 11 minutes nationally. | Police response times to 911 calls average 58 minutes, compared with 11 minutes nationally. |
| And Detroit's government has been hit by a string of corruption scandals over the years. | And Detroit's government has been hit by a string of corruption scandals over the years. |
| Detroit is only the latest US city to file for bankruptcy in recent years. | Detroit is only the latest US city to file for bankruptcy in recent years. |
| In 2012, three smaller California cities - Stockton, Mammoth Lakes and San Bernardino - took the step. | |
| Send your pictures and videos to yourpics@bbc.co.uk or text them to 61124 (UK) or +44 7624 800 100 (International). If you have a large file you can upload here. | Send your pictures and videos to yourpics@bbc.co.uk or text them to 61124 (UK) or +44 7624 800 100 (International). If you have a large file you can upload here. |
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