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Bankruptcy may be Detroit's only option

Detroit's emergency financial manager Kevyn Orr talks to members of the media outside the Detroit Newspapers building about the report he de
Detroit's emergency financial manager Kevyn Orr talks to members of the media outside the Detroit Newspapers building about the report he de

DETROIT (WKZO) -- Turnaround expert Patrick O'Keefe looks at the restructuring job facing Detroit Emergency Manager Kevyn Orr.

O'Keefe says he hopes the city can avoid a bankruptcy filing but he's not very optimistic.  He says there are so many legal and constitutional issues to be resolved.

According to O'Keefe, it's going to be very difficult, if not impossible, to achieve those resolutions without involving the legal system.

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