By Joshua Gardner Detroit’s newly-appointed emergency financial manager won’t rule out bankruptcy for the city and says the step might be one he’ll be forced to take. Kevyn Orr assumes the newly created job post March 25, but he told the Detroit Free Press Friday that he’s comfortable orchestrating what would be the largest municipal bankruptcy filing in U.S. history. The ailing Midwestern city holds around $14 billion in debts and Orr was chosen for the job by Michigan's Governor Rick Snyder. Big problems: Lawyer Kevyn Orr was chosen by Mich. Governor Rick Snyder to be Detroit's first Emergency Financial Manager and tackle the ailing city's massive debt problems
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Kevyn Orr, a corporate bankruptcy specialist based in Washington, DC, says 'everything's on the table' in his quest to save the strapped city
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Orr was tapped by Michigan Governor Rick Snyder last week and though he doesn't officially start until March 25, he's already facing huge obstacles and opposition
Members of such groups, many of whom are left to assume that benefits like union-level wages are on the chopping block by @placeholder, are now protesting the emergency financial manager's appointment.