Largest Bankruptcy in America - Residents wary as Detroit faces uncertain future in bankruptcy

A view of downtown Detroit is seen looking south on Woodward Avenue. (Rebecca Cook/Reuters)

Detroit filed the largest-ever municipal bankruptcy in U.S. history on Thursday, but some residents voiced skepticism that the city would emerge in better shape from its historic bankruptcy filing designed to fix the financial crisis.

• Video: Detroit files for bankruptcy

• Photos: Detroit on the decline

• Read: Detroit bankruptcy petition

• Brief history of Detroit's fiscal problems