Bankruptcy attorney Kevyn Orr is ready to roll up his sleeves and get to work.
Bankruptcy attorney and turnaround specialist Kevyn Orr arrived downtown Detroit this morning for his first day on the job as emergency financial manager.
He’s not a union-buster and he has no plans to hawk Detroit’s jewels. That’s the word from Detroit EFM Kevyn Orr.
Detroiters know all too well that their neighborhoods are filled with abandoned and burned buildings. After putting up with it for so long, residents say they don’t care who is in charge, they just want their city back.
Gov. Rick Snyder acknowledged that his decision to appoint an emergency financial manager for Detroit is bittersweet.
The governor’s nominee to become Detroit’s emergency financial manager says the job is the “Olympics of restructuring.”
The Detroit City Council has dropped out of the fight, but others will challenge the state’s appointment of an emergency financial manager.
It’s expected that Kevyn Orr — a University of Michigan graduate and an attorney from Washington, D.C. — will be that EFM. Orr helped Chrysler work through its bankruptcy situation in 2009.
Detroit leaders visited Lansing on Tuesday to try to convince Gov. Rick Snyder to halt a plan for an emergency financial manager.
Traffic was slowed almost to a halt along I-94 Monday morning as part of protests over the governor’s decision to appoint an emergency financial manager for Detroit.