Tag: Kevyn Orr

• Friday, July 19th 2013 - 06:17 UTC

  Motor City files for bankruptcy; city offers 10cents for every dollar of debt

  

  The US city of Detroit in Michigan, once renowned as ‘Motor City’ has become the largest American city ever to file for bankruptcy, with debts of at least 15bn dollars. State-appointed emergency manager Kevyn Orr asked a federal judge to place the city into bankruptcy protection.