What exactly does city of detroit going bankrupt mean to business owners and civilians?

I have a office building in Michigan. It doesn't rely on a service, rather online ventures, so it doesn't really need to be in a populated area. But I worry somehow city of detroit itself going bankrupt will somehow affect my ownership to the building. Is this a possibility?

Also what does this mean for Michigan in general?

What are we expecting at it's worst?

1 Answer

  • 7 years ago
    Favorite Answer

    In theory, it sounds bad. In reality, most people don't care. They figure Detroit is at rock bottom already. They might have to lay off some employees. Cut some services. Who would notice, anyway.

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