Emergency Manager

In a presentation to creditors delivered yesterday, Detroit emergency manager Kevyn Orr outlined a last-ditch effort to save the city from bankruptcy. Many creditors would have to agree to receive less than 10 cents on the dollar.
Jun 15, 2013   Detroit Free Press
Monica Davey describes the divergent paths of Detroit's public and private sectors.
Mar 7, 2013   The New York Times
Despite a wealth of upbeat news of late (surging downtown, encouraging long range plan, etc.), Detroit received a very unpleasant reminder of its intractable problems when Gov. Rick Snyder announced he will appoint an emergency financial manager.
Mar 2, 2013   Detroit Free Press
Just 24 hours before Governor Snyder's deadline for appointing an emergency manager for Detroit to help rein in its budgetary troubles, the city council has voted to approve a consent agreement with the State of Michigan.
Apr 5, 2012   Detroit Free Press