Rick Snyder in the context of "Detroit bankruptcy"

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⭐ Core Definition: Rick Snyder

Richard Dale Snyder (born August 19, 1958) is an American business executive, venture capitalist, attorney, accountant, and politician who served as the 48th governor of Michigan from 2011 to 2019. Snyder, who was born in Battle Creek, Michigan, began his career in business in 1982. He was chairman of the board of Gateway from 2005 to 2007, a co-founder of Ardesta, LLC, a venture capital firm, HealthMedia, Inc., a digital health coaching company, and is currently CEO of SensCy, a cybersecurity company based in Ann Arbor, Michigan.

A member of the Republican Party, he won the 2010 Michigan gubernatorial election and won reelection in 2014. Snyder was term-limited and could not seek re-election in 2018 and was succeeded by Democrat Gretchen Whitmer. Snyder was considered a possible Republican Party candidate for Vice President of the United States in 2012, although ultimately Paul Ryan was selected.

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👉 Rick Snyder in the context of Detroit bankruptcy

The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. Detroit is also the largest city by population in U.S. history to file for Chapter 9 bankruptcy, more than twice as large as Stockton, California, which filed in 2012. While Detroit's population had declined from a peak of 1.8 million in 1950, its July 2013 population was reported by The New York Times as a city of 700,000.

Detroit's bankruptcy filing followed a declaration of financial emergency in March 2013 that resulted in Kevyn Orr being appointed as "emergency manager" of the city by Michigan Governor Rick Snyder. Orr's subsequent negotiations sought to get creditors to willingly agree to debt restructuring and accept less than initially agreed on Detroit's debt, and were ultimately unsuccessful.

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LINKED FROM (PARENTS)
← Detroit bankruptcy
LINKS TO (CHILDREN)
Governor of Michigan → Battle Creek, Michigan → Chairman → Gateway, Inc. → Venture capital → Ann Arbor, Michigan → Republican Party (United States) → 2010 Michigan gubernatorial election → 2014 Michigan gubernatorial election → 2018 Michigan gubernatorial election → Gretchen Whitmer → Vice President of the United States → 2012 United States presidential election → Paul Ryan →