Reuters: Bankruptcy News: CORRECTED-Detroit may get through bankruptcy without new borrowing-Orr

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CORRECTED-Detroit may get through bankruptcy without new borrowing-Orr Aug 7th 2013, 21:22 Wed Aug 7, 2013 5:22pm EDT DETROIT Aug 7 (Reuters) - Detroit's state-appointed emergency manager said on Wednesday he is confident the city should be able to navigate its way through the nation's largest-ever municipal bankruptcy before his term expires by October 2014 and possibly without having any new borrowing to fund Detroit's operations. "If we can get our cash flow free-and-clear, we may be able to get through this thing without necessarily borrowing a lot of money," Kevyn Orr said in a wide-ranging interview on Wednesday. "The schedule we're on, we should be able to get this done in 14 months, so I don't anticipate a need for me to stay on." (Reporting by Nick Carey; Editing by Gary Hill)

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