Gov. Rick Snyder speaks today flanked by Detroit Mayor Mike Duggan (left) and emergency manager Kevyn Orr. Snyder said that the nation's largest municipal bankruptcy will end at midnight.
December 10, 2014 The city's bankruptcy, the largest municipal bankruptcy in U.S. history, will end at 12:01 a.m. ET Thursday, Gov. Rick Snyder said. The city filed for bankruptcy on July 18, 2013.
Detroit Emergency Manager Kevyn Orr attends a news conference in June.
September 25, 2014 The city's state-appointed emergency manager officially signed his remaining powers over to the mayor and city council on Thursday. The deals he reached since March 2013 wiped out $7 billion in debt.
State-appointed emergency manager Kevyn Orr (right) and Michigan Gov. Rick Snyder, at a Friday news conference in Detroit.
July 22, 2013 Kevyn Orr tells All Things Considered the crisis was the city's own making, but it doesn't help anyone to look for blame in the past.
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March 14, 2013 Earlier this month, Michigan's governor declared that the city is in a financial emergency. The city government is running a huge deficit and faces huge debts. Now, a lawyer with experience in bankruptcies is coming in to try to straighten things out.
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