Kevyn Orr. PHOTO/Jones Day/AP
Detroit, once the very symbol of American industrial might, became the biggest U.S. city to file for bankruptcy Thursday, its finances ravaged and its neighborhoods hollowed out by a long, slow decline in population and auto manufacturing.
Kevyn Orr, a bankruptcy expert hired by the state of Michigan in March to stop the city's fiscal free-fall made the filing Thursday in federal bankruptcy court.
Orr had hoped to help Detroit avoid bankruptcy, but
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