Reuters: Bankruptcy News: Michigan governor names bankruptcy lawyer to run Detroit finances

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Michigan governor names bankruptcy lawyer to run Detroit finances Mar 14th 2013, 18:03 DETROIT, March 14 | Thu Mar 14, 2013 2:03pm EDT DETROIT, March 14 (Reuters) - Michigan Governor Rick Snyder on Thursday appointed bankruptcy and restructuring lawyer Kevyn Orr as Detroit's emergency financial manager in a state takeover of the city that could ultimately lead to Detroit filing for municipal bankruptcy. The appointment followed Snyder's declaration that Michigan's biggest city faces a fiscal emergency, and that Detroit leaders have been unable to manage the crisis on their own.

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