Hamtramck Asks State For Permission To File For Bankruptcy

William Selway of Bloomberg reports:  “Hamtramck, a city of 20,000 largely ringed by Detroit that has asked the state to let it file for bankruptcy protection, doesn’t have enough spare cash to repave a single street, according to Mayor Karen Majewski.  Money for payrolls will run out in March in the Michigan municipality where General Motors Co. builds Chevrolet’s Volt. ‘There is no money for fixing anything,’ Majewski said.  ‘Finding money to fix roads, it’s just an impossibility.’”

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