Top 5 Biggest Municipal Bankruptcies in U.S. History

by Steven Davies on Jul 22, 2013 | Views: 195 | Score: 2
Municipal Bankruptcies
Detroit, Michigan (2013)18
Jefferson County, Alabama (2011)4
Orange County, California (1994)2
Stockton, California (2012)1
San Bernardino County, California (2012)0.5
Bankruptcy amount ($billions)
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Steven Davies
Steven Davies on Jul 22, 2013 9:06 AM said:

On July 18, 2013, the City of Detroit filed for Chapter 9 bankruptcy for the amount of $18 billion, the biggest municipal bankruptcy in U.S. history. Of the top 5 municipal bankruptcies, four have been filed within the last three years.

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