Going broke: Bankrupt municipalities

POSTED: 08:56 AM PDT Jul 11, 2012 UPDATED: 07:26 AM PST Feb 20, 2013

With the city of Detroit edging closer to bankruptcy, check out these cities that have already gone broke.

Bankrupt Cities - Generic1 — 2 / 15

Since 1937, when bankruptcy became an option for municipalities, an estimated 625 government bodies have filed for Chapter 9 protection, according to ABC News. Here are the most recent, and some of the most notable:

Bankrupt Cities - Generic

Bankrupt Cities - Generic1

Bankrupt Cities - San Bernadino

Bankrupt Cities - Stockton

Bankrupt Cities - Mammoth Lakes

Bankrupt Cities - Harrisburg

Bankrupt Cities - Jefferson County

Bankrupt Cities - Central Falls

Bankrupt Cities - Prichard

Bankrupt Cities - Westfall

Bankrupt Cities - Vallejo

Bankrupt Cities - Moffett

Bankrupt Cities - Desert Hot Springs

Bankrupt Cities - Orange County

Bankrupt Cities - Bridgeport

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