Public Relations: Detroit already endures the title as one of the most depressing and violence-prone cities in the nation and now bankruptcy? What business is going to want to invest in relocation or start-up there? This moniker will drag the already-struggling city down for decades to come.
Creditor battle: Detroit officials may decide to reach a settlement with general-obligation bondholders in order to clear the way for wider discussions with creditors who are owed much larger sums of money. WSJ
Hit list: Detroit filed thousands of bankruptcy documents late Thursday. One of the most important is a list of the city’s top 20 creditors. Freep.com