Detroit Emergency Manager Says Creditor Support Is Mounting

Law360, New York (March 24, 2014, 5:26 PM EDT) -- Detroit emergency manager Kevyn Orr said Monday that he expected to garner enough support for the bankrupt city’s plan of adjustment within the next couple of weeks to secure approval from a bankruptcy court before the fall.

Speaking alongside Michigan Gov. Rick Snyder at a panel discussion hosted by the conservative think tank Manhattan Institute for Policy Research in New York City, Orr touted the city’s economic outlook and maintained that Detroit was well on its way to prosperity despite the $18 billion in debt that...
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