On July 18, 2013, the restructuring expert did just that, making Detroit the largest city in the U.S. to file for bankruptcy. “Bankruptcy is a miserable process," Orr, 65, told The Associated Press earlier this month, ahead of the 10th anniversary of the filing. "It puts everybody outside of their ordinary course, their common spaces.” Detroit was determined by a state-appointed review team to be in severe financial distress in 2012.
The Architect of Detroit's Bankruptcy Filing 10 Years Ago Says It Was the Best Fix for a Broken City usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
10 years since bankruptcy, Detroit's finances are better but city workers and retirees feel burned lasvegassun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lasvegassun.com Daily Mail and Mail on Sunday newspapers.