Detroit bankruptcy decision could come as early as Wednesday

DETROIT (WXYZ) - There is no doubt that Detroit Emergency Manager Kevyn Orr is dead serious about bringing Detroit back to life, with or without the help from its creditors both secured and unsecured.

Orr knows everyone won't be happy and some won't come on board, but he and Michigan Treasurer Andy Dillon say they need concessions or else. 

As we've been reporting, the next few days will be key concerning whether Detroit goes into Chapter 9 bankruptcy. We could learn as early as Wednesday if Detroit will be headed into bankruptcy.
 
The city employee pension boards and retirees will meet on Wednesday.

Creditors will take a bus tour on Wednesday night. Orr says he is hoping it will be an eye opener.

The emergency manager says he will know within days, whether he gets concessions from all creditors or if he's taking Detroit into bankruptcy court.
 

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