Detroit's state-appointed Emergency Financial Manager Kevyn Orr talks to members of the media outside the Detroit Newspapers building in Detroit, Michigan in May. Today, the city of Detroit is in final preparations to file for federal bankruptcy as early as Friday morning, according to the Detroit Free Press.
DETROIT — Detroit on Thursday became the largest city in U.S. history to file for bankruptcy, as the state-appointed emergency manager filed for Chapter 9 protection.
Kevin Orr, a bankruptcy expert, was hired by the state in March to lead Detroit out of a fiscal free-fall and made the filing Thursday in federal bankruptcy...
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DETROIT — Detroit on Thursday became the largest city in U.S. history to file for bankruptcy, as the state-appointed emergency manager filed for Chapter 9 protection.
Kevin Orr, a bankruptcy expert, was hired by the state in March to lead Detroit out of a fiscal free-fall and made the filing Thursday in federal bankruptcy...
View Discussion Text