Oct. 15, 1973 Ann Arbor Railroad, subsidiary of DT&I, enters Chapter 77 bankruptcy. (Trains has 10/16!)
October 15, 1973 The Ann Arbor declares bankruptcy as it defaults on a loan from parent Detroit Toledo & Ironton. The loan was used for the conversion of Ann Arbor car ferry No. 7 to the "MV Viking" 8 years earlier.