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Detroit Emergency Manager waiting for ideas

Detroit Emergency Manager Kevyn Orr waits to address the media during a news conference about filing bankruptcy for the city of Detroit in D
Detroit Emergency Manager Kevyn Orr waits to address the media during a news conference about filing bankruptcy for the city of Detroit in D

DETROIT (WKZO) -- Detroit Emergency Manager Kevyn Orr says he will negotiate with creditors if they show an interest in discussing the city's financial situation.  He said any creditor willing to come to him with a counter proposal would be welcomed.

A U.S. Bankruptcy judge Wednesday halted all lawsuits filed that challenge the legality of the Chapter 9 Bankruptcy claim.  Judge Stephen Rhodes has not decided if the city is eligible for bankruptcy, or if the reduction of pension benefits violates the Michigan Constitution.

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