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Michigan City Seeks Bankruptcy, And The City Manager Says More Will Follow

[credit provider=”markindetroit on flickr” url=”http://www.flickr.com/photos/mechmed/3071682980/”] The City of Hamtramck, Mich. is seeking state permission to declare bankruptcy, according to The Detroit News (via Mish).City Manager Bill Cooper says he’s going to run out of money on January 31:
Michigan City Seeks Bankruptcy, And The City Manager Says More Will Follow