The recent news that Detroit would be filing for bankruptcy made headlines not only in Michigan but around the country. Gov. Rick Snyder approved a request from emergency manager Kevyn Orr to file for Chapter 9 bankruptcy. The city filed on July 18.
Kudos go out to Dr. Eric Scorsone, Michigan State University Extension specialist, for his diligence in working with the media to explain the Detroit bankruptcy issue. Within 24 hours of the bankruptcy being announced, Dr. Scorsone spoke to about 20 media outlets on four continents.
Many national news agencies such as NBC sought Dr. Scorsone’s reaction to the bankruptcy. We’re grateful to Dr. Scorsone for his expertise and his willingness to step out and communicate to the public about these complicated financial issues. And he’s probably going to be doing this for a while, given the complexity of such a large municipal bankruptcy filing.