Friday, June 20, 2014

Is Hamtramck about to file for bankruptcy?

To file or not to file, that is the question.

Due to the fact that the City of Hamtramck is currently involved in numerous matters of litigation, where the probability of out-of-court settlements is statistically significant, a massive reduction in property tax base eminent from the pending Wayne County property tax foreclosures, an exodus of businesses, MERS payment restructuring, and your basic political inurement, bankruptcy is inevitable...

But what do I know?

Stay tuned.

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