Detroit, was founded on July 24th 1701, was the largest city of the Michigan State and known as the world 's automotive center. However, on 18th July 2013, the city Detroit filed for Chapter 9 bankruptcy with $18.5 billion in debt which is the largest municipal bankruptcy in United States history. As it is defined by the United States Court (2014),” Chapter 9 is the Bankruptcy Code provides for reorganization of municipalities, which include cities and towns, as well as villages, counties, taxing districts, municipal utilities, and school districts.” Moreover, there were thousands of retirees and other creditors and abandoned buildings with crumbling infrastructure and services. Over 60% of the population moved out the city. In consequence,