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Business Insights From Conway MacKenzie
June 15, 2016

Detroit Post Bankruptcy: It took a village to save a city

The following post was written by Glenn Kushiner. Although the long-term success of the City of Detroit restructuring/bankruptcy is yet to be determined, the current signs (significantly reduced debt load, balanced budget and surplus creation, finance function organizational restructuring, population stabilization, etc.) indicate the City is on the right path. One of the biggest reasons […]

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July 22, 2015

The M&A Advisor Releases Case Study on Detroit Bankruptcy

During its Chapter 9 bankruptcy proceedings, Detroit fought back against great odds and is in the midst of a historic comeback that few thought possible. The actions taken, lessons learned, and successes achieved by Detroit provide insights – and hope – for other struggling municipalities. Conway MacKenzie is proud of the leading role it played […]

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May 28, 2015

We Stand Ready to Help Build a Brighter Tomorrow 

Not surprisingly, a major point of discussion at this year’s Mackinac Policy Conference is the restructuring and revitalization of Detroit. During its Chapter 9 bankruptcy proceedings, Detroit fought back against great odds and is in the midst of a historic comeback that few thought possible. The city is now a beacon of light and inspiration […]

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November 25, 2014

A New Detroit – One of Many, yet One of a Kind

A new Pew Charitable Trust report shows that while Detroit is the largest U.S. municipality ever to file for bankruptcy, it is not alone in its post-Recession economic miseries. The report, “Recovering from Volatile Times: The ongoing financial struggles of America’s big cities,” tells an all-too-familiar story for those of us following – and in Conway MacKenzie’s […]

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November 12, 2014

Emerging from bankruptcy, Detroit is not broken – it is better.

U.S. Supreme Court Justice Sotomayor said, “There are uses to adversity, and they don’t reveal themselves until tested.” And in the wake of a federal judge approving Detroit’s bankruptcy exit plan last Friday, those of us who participated in the restructuring couldn’t agree more. Brokering a deal that eliminated $7 billion in debts, protected community […]

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November 10, 2014

A New Day. A Bright Future. 

We are proud to serve as operational restructuring advisor to the City of Detroit during its restructuring. We wanted to honor the city, its leaders, and the talented professionals that led its historic comeback with this ad in The New York Times, which ran on Sunday. We can’t wait to see what Detroit has in […]

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November 7, 2014

Conway MacKenzie Serves as Operational Restructuring Advisor for the City of Detroit

Today marks the beginning of a new, exciting chapter for the City of Detroit. This afternoon, Judge Rhodes confirmed Detroit’s Plan of Adjustment, bringing the largest municipal bankruptcy proceeding in history to a conclusion. Pursuant to the Plan, $7 billion in debt will be eliminated, $1.7 billion will be invested to improve services and infrastructure, […]

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