The Governor of Michigan, Rick Snyder, declared a financial emergency for the city in March 2013, appointing an emergency manager. On July 18, 2013, Detroit filed the largest municipal bankruptcy case in U.S. history. It was declared bankrupt by Judge Steven W. Rhodes of the Bankruptcy Court for the Eastern District of Michigan on December 3, 2013; he cited its $18.5 billion debt and declared that negotiations with its thousands of creditors were unfeasible. On November 7, 2014, Judge Rhodes approved the city's bankruptcy plan, allowing the city to begin the process of exiting bankruptcy. The City of Detroit successfully exited Chapter 9 municipal bankruptcy with all finances handed back to the city at midnight on December 11, 2014. COUNT 5
QSN1 Who is the Governor in Michigan? ANS1 Rick Snyder QSN2 On which date did Detroit file bankruptcy? ANS2 July 18, 2013 QSN3 How much debt did Detroit have when they declared bankruptcy? ANS3 $18.5 billion QSN4 On which date was Detroit's bankruptcy plan approved? ANS4 November 7, 2014 QSN5 What type of bankruptcy did Detroit go through? ANS5 Chapter 9