File photo of the word "Bankruptcy" is painted on the side of a building in Detroit Michigan
The word "Bankruptcy" is painted on the side of a building in Detroit, Michigan in this October 25, 2013 file photo. Detroit is eligible for banktrupcy, a U.S. judge ruled on December 3, 2013 after determining the city is broke and had too many creditors to make negotiations over more than $18 billion in city debts and other obligations possible. The ruling by Judge Steven Rhodes makes Detroit's case officially the biggest municipal bankruptcy in U.S. history. REUTERS/Joshua Lott/Files (UNITED STATES - Tags: LAW REAL ESTATE BUSINESS POLITICS)
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