Orr To Speak At Econ Club Meeting

By: ap
By: ap

DETROIT (AP) -- Emergency manager Kevyn Orr will speak to area business and community leaders during a Detroit Economic Club meeting.

"A Conversation With Kevyn Orr" begins at noon on Thursday at Detroit's Motor City Casino.

On July 18, Orr made Detroit the largest U.S. city to seek bankruptcy protection when he filed a Chapter 9 petition. He says Detroit is insolvent and unable to make good on its debt which Orr pegs at $18 billion or more.

The state hired Orr in March to fix Detroit's finances. He has control over all city spending. His team is currently negotiating with some creditors on paying a portion of the money owed them by the city.

Orr was a partner in the Cleveland-based Jones Day law firm and represented Chrysler during its successful restructuring.

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