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. Paul Sancya/AP hide caption toggle caption Paul Sancya/AP The Two-Way Detroit's Bankruptcy Is Over, Michigan's Governor Says 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.