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Tag Archives: Kevyn Orr

Detroit to Creditors: We’ll Give You 10 Cents on the Dollar

June 14, 2013 Business & Finance, Featured Comments Off on Detroit to Creditors: We’ll Give You 10 Cents on the Dollar

The state-appointed emergency manager for the city of Detroit, Kevyn Orr, tasked with managing the city’s debt windfall alongside of a team of experts, has arrived at the conclusion for eradicating Detroit’s debt. The city recently stated that it was defaulting on more than $2.5 billion in debt, but made …

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