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Detroit files for bankruptcy

3 years 3 months 1 week ago July 19, 2013 Jul 19, 2013 Friday, July 19 2013 July 19, 2013 7:23 AM in News

DETROIT - A long-suffering Detroit has filed for bankruptcy.

The city that's believed have a long-term debt of more than $20 billion, has been plagued with problems after many auto companies left in the 1960s.

Property values and tax revenue fell, police couldn't control crime, and now the city is struggling to maintain a population of 700,000 people.

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