From the Detroit Free Press:
Quoting the article:
Gov. Rick Snyder, who had to approve the filing, called the move "a last resort to return this great city to financial and civil health for its residents and taxpayers."
"I know many will see this as a low point in the city's history," Snyder said in his order authorizing the filing. "If so, I think it will also be the foundation of the city's future — a statement I cannot make in confidence absent giving the city a chance for a fresh start, without burdens of debt it cannot hope to fully pay."
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