kevyn-orr

Detroit Stops Paying Debts in Last-Ditch Effort to Avoid Bankruptcy

Cord Jefferson · 06/14/13 06:23PM

Detroit's Emergency Financial Manager, Kevyn Orr, had bad news for the beleaguered city's creditors today: Detroit has made the strategic decision to stop paying down some of its billions of dollars in long-term debt in order to try and keep the city afloat.