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Going broke: Bankrupt municipalities

POSTED: 08:56 AM PDT Jul 11, 2012    UPDATED: 08:41 AM PST Dec 03, 2013 

A judge has ruled Detroit is eligible to file for Chapter 9 bankruptcy. Take a look at all the U.S. cities that have gone broke.

Bankrupt Cities - Generic1
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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:

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