Patterson calls Detroit’s bankruptcy ruling a “foregone conclusion”

Oakland County Executive L. Brooks Patterson issued the following statement about Detroit’s bankruptcy eligibility ruling:

“The declaration of Detroit’s eligibility to file bankruptcy was a foregone conclusion. Anybody who has watched Detroit closely knows it is insolvent. This is just the official imprimatur.

“Today’s ruling marks the beginning of a long and arduous process. In the end I feel genuine remorse for all the creditors who will be left holding the bag. Nobody said, however, the process is fair. Whatever impact it has on Oakland County, it will be negligible to what Detroit will endure in the months ahead.”

-L. Brooks Patterson, Oakland County Executive

 

About Sarah Hovis

Word manipulator, arts appreciator, sports spectator, and world traveler, Sarah charts her own course as the owner of saliho creative. She uses her creative mind and engaging dialogue to fearlessly bring the written word to life in print and online… all while keeping a watchful eye out for the next literary adventure. You can reach her at [email protected].

Speak Your Mind

*