Detroit's emergency manager faces deposition on Wednesday

Kevyn Orr will be questioned under oath about city's bankruptcy proceedings

Headline Goes Here

DETROIT - Detroit Emergency Manager Kevyn Orr is set for a deposition Wednesday over the city's bankruptcy proceedings.

Orr will be questioned under oath at an office in Southfield from 1 p.m. to 3 p.m.

He was previously deposed in August.

Video: Kevyn Orr answers questions on Flashpoint

Orr was appointed by Gov. Rick Snyder to fix the city's finances in March of last year. The city filed for bankruptcy court protection on July 18, making it the largest U.S. city to ever make such a filing.

Orr has filed a plan to restructure the city's $18 billion debt by making cuts to pensions and creditors.

View/download: Plan of Adjustment

The plan, which still needs approval from a bankruptcy judge and will likely be subject to numerous appeals and challenges in the months to come, aims to pour money into the city's aging infrastructure and clean up the city's blighted neighborhoods by demolishing decrepit homes.

On the other side, retirees would see cuts to benefits, though Wall Street creditors will see just a fraction of what they're owed.  

Read: Detroit retirees see pension cut plan as divisive

The specifics of the plan include:

Pensions: Police and fire retirees will receive at least 90 percent of their pension after elimination of cost of living allowances. General city retirees would likely receive at least 70 percent.

Other creditors: The rest, such as bond insurers, will receive about 20 percent of their claims.

City services: $1.5 billion over 10 years for city infrastructure and technology upgrades, including $500 million to knockdown blighted and abandoned properties that are Detroit's most visible eyesore.

The arts: The Detroit Institute of Arts will keep the city-owned art under a deal with the state that relies on money from foundations and private donors. Part of the deal requires Gov. Rick Snyder to get $350 million from the state to help the city's two pension systems.

The plan still faces numerous obstacles. Most aspects are still being negotiated in mediation sessions with stake holders. Court appeals are all but certain even after the final version is approved in bankruptcy court.

Orr has said the of the city's $18 billion indebt, about $12 billion is unsecured, meaning there aren't taxes or other revenue streams to pay it.

Complete coverage: Detroit bankruptcy

Copyright 2014 by The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.