Detroit Bites Again

On Wednesday of last week, Detroit’s creditors were presented with Detroit Emergency Manager Kevyn Orr’s plan of adjustment for how the city would emerge from Chapter 9 bankruptcy. Although the plan itself has not been released to the public, rumors of low recovery rates on its general-obligation debt, pension and OPEB liabilities, and COPs have […] View the full post at: Detroit Bites Again Related posts: Detroit Schools on the Brink of Bankruptcy Moody’s Sees a 70 percent Chance of Bankruptcy for Detroit’s Automakers Detroit’s Radical Plan To Bulldoze One Quarter Of The City