Topic - Orr

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  • FILE- In a Dec. 12, 2013 file photo, Detroit Emergency Manager Kevyn Orr speaks during an interview with The Associated Press in Detroit. Orr, the state-appointed emergency manager who is overseeing Detroit's finances, has given creditors his proposal to restructure the city's debt as he takes it through the largest municipal bankruptcy in U.S. history. Police and Fire Retirement System spokesman Bruce Babiarz on Wednesday, Jan. 29, 2014 told The Associated Press the pension fund received Orr's "preliminary plan of adjustment"  (AP Photo/Paul Sancya, File)

    Detroit creditors receive preliminary plan

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Quotations
  • The plan is expected to be filed with the court in about two weeks, Orr said.

    Detroit creditors receive preliminary plan →

  • "Time is of the essence," Orr said Wednesday. "The longer we remain entrenched in our positions and fail to reach an agreement, the worse life gets for Detroit's 700,000 residents and the greater our collective challenges become. My team and I believe this plan presents each interested party with fair and equitable treatment, and we look forward to working with our creditors to adopt this plan."

    Detroit creditors receive preliminary plan →

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