A day after a entering bankruptcy proceedings, official in Detroit will update the city Friday morning with how the city plans to proceed.


Gov. Rick Snyder and Emergency Manager Kevyn Orr will be in attendance at a press event set to kick off at 10 a.m.


Although the move has been on the table for months, the city now faces an uncertain future as it struggles to get back to financial health. Municipal worker layoffs, service cutbacks and asset sales could be in the offing.


"Services will remain open, paycheques will be made, bills will be paid," Orr said Thursday.


Few cities have felt the demise of America's manufacturing sector as acutely as Detroit. With a population of close to 2 million in the 1950s, the city now has about a quarter-million residents. The population has declined by 25 per cent in the last decade alone.