Detroit Bankruptcy

It's a sad day that my hometown of Detroit has filed for bankruptcy, but the situation there is dire and I'm sure there was no other choice.  The city can't pay its bills, the tax base has been dissolved, and there's very little business flowing into the city.  When the country catches a cold, Detroit catches the flu.  I sincerely hope the city will rebound one day, but I don't know what it would take for that to happen.