Factwalk: Detroit Bankrupcyhttp://www.factwalk.com/detroit_bankrupcyFacts, information and statistics on Detroit Bankrupcy.Detroit Owes Over 100,000 Creditors $18.5 Billionhttp://www.factwalk.com/1190The list of those owed includes the names of all of the city’s active employees and its retirees, a list of properties that have tax claims with the city, numerous bondholders, business creditors and companies that insured Detroit debt. The largest creditor is the city's general pension scheme, which is owed $2 billion.2013-09-06 19:46:28In 1960 Detriot Had the Highest Per Capita Income in the UShttp://www.factwalk.com/1191It’s hard to imagine, but up until 1950, Detroit was the fourth biggest city in America. In 1960, it had the highest per-capita income in the U.S.2013-09-06 19:49:4547% of Detroit Residents are Functionally Illiteratehttp://www.factwalk.com/1192According to a new report, 47 percent of Detroiters are ”functionally illiterate.” The alarming new statistics were released by the Detroit Regional Workforce Fund.2013-09-06 19:56:2460% of Children in Detroit Are Living in Povertyhttp://www.factwalk.com/1193This represents a 64.7 percent increase in child poverty in the city since 1999. Children account for 194,347 of Detroit’s residents, or 27 percent of the city’s total population.2013-09-06 20:03:20Detroit pension trustees spent over $1 billion on "bonuses" to workers, retirees and the city of Detroithttp://www.factwalk.com/1268These “bonuses” were used to lower the contribution the city was required to make, to give retirees a little something extra around Christmas time, and to fund individual savings accounts that workers are offered along with their pensions.2013-10-20 08:28:08Detroit pensioners likely to only receive 16 cents on the dollarhttp://www.factwalk.com/1287City financial consultant Kenneth Buckfire said he did not have to recommend to Orr that pensions for the city's retirees be cut as a way to help Detroit navigate through debts and liabilities that total $18.5 billion. Buckfire said it was clear that the city did not have the funds to pay the unsecured pension payouts without cutting them.2013-10-27 23:15:17