Tag Archives: Bankruptcy

Detroit’s Financial Crisis Sparks New Scrutiny of Michigan Receivership Law

BY MICK ERLANDSON — On March 14th, Michigan Governor Rick Snyder selected Kevyn Orr, a bankruptcy attorney at Jones Day, to become the most high profile emergency manager to date, assuming nearly autocratic control over the municipality of Detroit.  The controversial move is intended to help the dire financial situation of the city, which sits […]