from MuniLand:

Kevyn Orr’s misinformation campaign

By Cate Long
May 30, 2014

Detroit emergency manager Kevyn Orr appeared at Michigan’s annual Mackinac Conference, the gathering place for Michigan’s political elite. Orr (@MotownEM) had some stunning things to say:

from Breakingviews:

Rob Cox: Can we Grand Bargain before going bust?

May 29, 2014

By Rob Cox
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Stories I’d like to see:

Regrouping for Detroit, GM’s bankruptcy evasion and Chinese corporate records

By Steven Brill
April 29, 2014

1. Kevyn Orr and a Detroit rebound?

Last Friday, I happened onto a C-Span broadcast of a speech to a national group of bankruptcy lawyers given by Kevyn Orr -- the emergency manager who Michigan Governor Rick Snyder appointed to take over Detroit’s finances and guide the fallen city through bankruptcy. Since I couldn’t stand watching the Yankees get slaughtered by the Los Angeles Angels of Anaheim, I stopped on the Orr speech for a minute. I stayed 45.

from MuniLand:

Questions over $350 million in Detroit’s pensions

By Cate Long
April 28, 2014

Detroit’s emergency manager Kevyn Orr took a victory lap of sorts at a bankruptcy conference in Washington, D.C. The Bond Buyer reported:

from MuniLand:

A bankruptcy scorecard for Detroit

By Cate Long
April 17, 2014

Settlements in the Detroit bankruptcy case are arriving quickly. I thought that it might be useful to have a scorecard to tally the pieces. I took the chart above from the Detroit’s June 13, 2013 Proposal to Creditors (page 98). It lists the unsecured creditor claims. So far, Detroit has settled four unsecured liabilities valued at $4.107 billion for $1.213 billion, or 30 percent.

from MuniLand:

Detroit’s wildly accelerating bankruptcy process

By Cate Long
March 25, 2014

The technocratic governor of Michigan, Rick Snyder, and the emergency manager he appointed to restructure Detroit, Kevyn Orr, spoke at an event sponsored by the Manhattan Institute for Policy Research this week. Their relentless positivity contrasted with the creditor mess they had left behind in Detroit.

from MuniLand:

Did Michigan kill Detroit?

By Cate Long
March 19, 2014

After studying Detroit’s wrecked finances for several years, it was never clear if the city has been collecting the taxes it was entitled to within the law. Now a new report from the Michigan Municipal League suggests that the state gobbled up a portion of Detroit’s share of the state sales tax, adding severe stress to an already weak budget.

from Breakingviews:

Detroit turns bankruptcy precedents upside down

March 11, 2014

By Kevin Allison
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from MuniLand:

How much will Detroit bondholders suffer?

By Cate Long
February 25, 2014

from MuniLand:

Reactions to Detroit’s plan of adjustment

By Cate Long
February 24, 2014

Detroit's plan of adjustment was filed on Friday by Emergency Manager Kevyn Orr (Plan of Adjustment Disclosure Statement):