Emergency Manager Hopes To See Detroit Emerge From Bankruptcy By ChristmasKevyn Orr says he hopes to resign from his post as Detroit EM within the next week or two.
Timeline Of Detroit's Financial CrisisJudge Steven Rhodes approved Detroit's plan to get out of bankruptcy, ending the largest public filing in U.S. history on Friday. Here's a look at the events leading up to that decision.
Detroit Ready For Judge's Decision On BankruptcyThe judge overseeing Detroit's bankruptcy is ready to decide whether the city's plan to regain solvency is a good one.
Detroit Emergency Manager: Art Sale Would Have Been Harmful"A one-time sale is detrimental to the long-term benefit of the city," Kevyn Orr said. "Selling any art would cause a maelstrom."
Detroit Emergency Manager: Bankruptcy Challenges CostlyOrr also was questioned on various topics associated with the bankruptcy, including the city's poor track record of collecting taxes.
Manager Orr Takes The Stand In Detroit Bankruptcy TrialOrr's debt restructuring plan, in which deals have already been reached with most creditors, sets aside $1.7 billion for improving city services.
Detroit Officials Regaining Most City Control As Orr Removed From Role As Emergency ManagerThe Detroit City Council on Thursday unanimously approved a plan to transfer daily operations to elected officials while retaining the state-appointed emergency manager to oversee bankruptcy matters until they are resolved.
Will Kevyn Orr Stay Or Go? Detroit City Council Debates Emergency Manager's Future Behind Closed DoorsDetroit City Council entered a third day of discussions about the future of Emergency Manager Kevyn Orr.
EM's Term Nearing End, City Council To Decide Role Kevyn Orr May Play In Near FutureRemoval of Orr as the city's emergency manager and restoring power back to Detroit Mayor Mike Duggan and the nine-member city council could come as soon as Sept. 29.
Settlement Plan Moving Forward Between Syncora, City Of Detroit In Bankruptcy ProceedingsDetroit and bond insurer Syncora finished the deal announced last Tuesday to settle over $400 million in claims.
Detroit Bankruptcy Trial On Hold After Deal With Major CreditorA judge has suspended Detroit's bankruptcy trial until Monday to give the city more time to work out details of a settlement with a major creditor.