Since Detroit applied bankruptcy, it has been 16 months. United States federal judge finally permitted its bankruptcy plan, which makes the largest city bankruptcy case in United States history end. According to the verdict, Detroit can cut down 70 billion dollar’s debt, and commits to invest 17 billion dollars on social public service. The verdict makes Detroit begin its rough reconstruction process. According to the reconstruction plan, Detroit will use 17 billion dollars to tear down damaged and old buildings, purchase new fire fighting truck and ambulance, upgrade old computer system, etc, which will create a good environment for the city.

Detroit is the home to United States’ three automakers. Due to the population decrease, financial crisis and corporation evaluation, Detroit’s financial situation got worse and worse, and finally applied bankruptcy. The bankruptcy of Detroit is caused by its bad operation. Operation is the key to maintain an organization exist and develop sustainably. When facing population decrease and corporation evaluation and other problems, Detroit did not solve effectively, which presented a hazard for its bankruptcy. Another key reason results in its bankruptcy is Detroit did not manage its financial situation well. Fund is the lifeline of an organization. The deterioration of financial situation makes Detroit finally end its Motor City.

“Detroit bankruptcy case ends” http://eastmoney.com Nov 9, 2014, http://finance.eastmoney.com/news/1351,20141108443678942.html  Nov 9, 2014.